Bitcoin Bull Michael Nogograz told CNN Business that the crypt currency will double over the next 18 months and will return to its highest level of nearly $ 20,000.
"From the ruins, bitcoin has appeared back," Novogratz said from the sidelines of the SALT conference in Las Vegas.
Novograz, a former hedge fund manager and investment banker Goldman Sachs, does not believe that the dictatorship will return to those lowest levels. The fact would be if there was a breakthrough breakthrough from crypto-exchange or a sudden change in regulation.
"That would mean such a thing to ruin this new trust," Novogratz, who is founder and CEO of Galaxy Digital, crypt bank bank, said.
"For the institutions to feel comfortable, you must have a lot less of this," he said.
Novograc asked for a crypto exchange to "self-regulate" in order to strengthen their security and to raise confidence in a bitkin.
"A little fence can go a long way," he said.
Others remain deeply skeptical about the dictatorship, due to partly extreme price changes.
Bitcoin "has no future as a currency" and is subject to "massive manipulation," said Rubini.
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While Novograz remains the desire for a bitch, he is worried about exaggerating the stock market.
"We have a chance to stop equality. You see this in the IPO enthusiasm," Novogratz said.
"These insanity rarely lasts. Gravity returns to the game," Novogratz said.
While he does not believe the market is at the top, Novogarz sees signs that things become "foamy".
"Markets usually end up with a super-jump, some serial rage of activity," he said.
The Fed can bring a "melting"
One catalyst for such euphoria could be the Federal Reserve.
"The Fed makes a mistake in politics by reducing the strong economy can lead to rapid melting – and that could be the end," Novogratz said.
Moore also welcomed republican tax cuts, saying that they worked "even better than we thought they would."
Asked about Moore's comments, Nogograz questioned the wisdom of the administration's decision to "cut taxes in a strong economy" and deepen America's budget deficit.
"I'm glad that Stephen Moore is not in the Federal Reserve," added Novogratz.