Ex-hedge fund manager Mike Novogratz has predicted that the price of Bitcoin would hit $65,000. According to Novogratz, BTC will reach the targeted price because of its low supply and “tons of new buyers.”
Novogratz revealed his price prediction for BTC while replying to a tweet by English actress Maisie Williams. On the 16th of November, the actress created a poll on Twitter, asking if she should “go long on Bitcoin.”
Novogratz replied:
“I bought more BTC last night at 15800. It’s going to be 20k and [then] to 65k. The network effect has taken over. I see tons of new buyers and there is very little supply. It’s an easier trade here that at 11k. So YES, buy it.”
The poll also generated a lot of reactions from famous Twitter users and investors such as Tesla CEO Elon Musk, Grayscale CEO Barry Silbert, among others. As of the 16th of November, Grayscale announced that the company’s Bitcoin Trust held over 500,000 BTC worth $8.35 billion.
Currently, the poll has generated a “yes” from 46.1% and a “no” from 53.9%. In total, the poll has attracted 876,801 votes. BTC continues to surge with an increasing number of individual and institutional investors. At press time, BTC is up 4.58% to over $17,000.
Image Credits: Pixabay
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