$40,000 for a Bitcoin: when to expect a surge in the cryptocurrency price?

In the interview for CNBC, CEO of cryptocurrency hedge fund Galaxy Investment Partner Michael Novogratz said that in a year Bitcoin price would reach $40,000, and Ethereum’s – $1500.

Recently, he has spoken about the possible growth of Bitcoin price to $10,000 by the end of 2017. However, that prediction came into life yesterday.

Bitcoin exchange trading:

• Bithumb – $10,930;
• Bitfinex – $9,882;
• GDAX – $9,933.

Ether exchange trading:

• Bithumb – $505;
• Bitfinex – $462.

Financial analyst and CEO of Standpoint Research Ronnie Moas commented that he expected Bitcoin to grow up to $15,000-$20,000 in the next six months or a year. Under Bitcoin price, he meant the amount given for Bitcoin, Bitcoin Cash, and Bitcoin Gold.