Monday that bitcoin can multiply more than four times in roughly the next 13 months. Novogratz said Monday that "probably over 20 percent" or "maybe even 30 percent" of his net worth is in cryptocurrencies. So every price move gets exaggerated. Last Wednesday, Fundstrat's Tom, lee raised his mid-2018 price target for bitcoin to 11,500 from 6,000. Bitcoin has since more than recovered to an all-time high of 9,732.76 Monday, according to CoinDesk. That followed a similar upgrade last Monday by Standpoint Research's Ronnie Moas, who raised his 2018 price target for bitcoin to 14,000 from 11,000. Market capitalization of all digital coins (year to date change). Show chapters, demand from Asia has contributed to bitcoin's gains.
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In contrast to oil and renewable energy products, Novogratz pointed out companies cannot produce more bitcoin in order to meet demand since the digital currency's supply is limited to 21 million coins. Show chapters, the price of bitcoin could reach up to 40,000 as it becomes more accepted and easier to trade, billionaire investor Marc Lasry told cnbc on Wednesday. Squawk Box " interview, adding that he sees bitcoin investors making five to 10 times their money in three to five years. As CCN reported, a number of fintech startups including. Delivering Alpha 2017, cNBC and Institutional Investor hosted the 7th Annual Delivering Alpha Conference on September 12, 2017.