# Mike Novogratz: Bitcoin at or above $10,000 on Dec 31, 2017

Updated Sep 29, 2026 · Web page: https://predictionverifier.com/predictions/mike-novogratz-bitcoin-10k-by-2017/

Mike Novogratz's prediction that Bitcoin would be at or above $10,000 on December 31, 2017 came true. The close on the deadline decided this call: Bitcoin closed at $13,863 on December 31, 2017, the deadline. Mike Novogratz made the call on Bloomberg on November 21, 2017, when Bitcoin was at $8,256. The target needed a 21% rise in one month.

| Field | Value |
|---|---|
| Status | Hit |
| Person | [Mike Novogratz](https://predictionverifier.com/people/mike-novogratz/) |
| Asset | [Bitcoin (BTC)](https://predictionverifier.com/assets/bitcoin/) |
| Outlet | Bloomberg |
| Said on | Nov 21, 2017 |
| Quote | “Bitcoin should finish the year at $10,000 while ethereum is likely to close at $500, the head of Galaxy Investment Partners and former head of the Fortress Investment hedge fund, told Bloomberg television in an interview.” |
| Price when said → target | $8,256 → $10,000 |
| Change | +21% from the price when said |
| Deadline | Dec 31, 2017 |
| Deciding close | Close on the deadline: $13,863 (Dec 31, 2017) |
| Source | [Bloomberg](https://www.cnbc.com/2017/11/21/novogratz-bitcoin-is-digital-gold-and-will-end-the-year-at-10000.html) |
| Archive | [Archive](https://web.archive.org/web/20240223214718/https://www.cnbc.com/2017/11/21/novogratz-bitcoin-is-digital-gold-and-will-end-the-year-at-10000.html) |
| How we check | [How we check predictions](https://predictionverifier.com/how-we-check-predictions/#at-deadline) |
| Public ID | #d5000 |

## What was said

[Mike Novogratz](https://predictionverifier.com/people/mike-novogratz/) · Founder and CEO, Galaxy Digital · 6 predictions · 4 hit · 2 missed

Bloomberg, Nov 21, 2017 · [Source](https://www.cnbc.com/2017/11/21/novogratz-bitcoin-is-digital-gold-and-will-end-the-year-at-10000.html) · [Archive](https://web.archive.org/web/20240223214718/https://www.cnbc.com/2017/11/21/novogratz-bitcoin-is-digital-gold-and-will-end-the-year-at-10000.html)

> Bitcoin should finish the year at $10,000 while ethereum is likely to close at $500, the head of Galaxy Investment Partners and former head of the Fortress Investment hedge fund, told Bloomberg television in an interview.

Novogratz said bitcoin is built on an amazing technology, has a limited supply and is trusted by people, and tied its origins to a loss of trust in financial institutions and governments after the 2008 financial crisis. He described bitcoin as 'digital gold', bought for much the same reasons as the metal, and said the crypto revolution was in its second or third inning.

## How we checked this

The close of the last trading day on or before Dec 31, 2017 decides: the prediction comes true if that close is at or above $10,000. Prices are daily closes in UTC, not intraday highs.

- Price when said: $8,256 (Nov 20, 2017) · [price data](https://exchange.coinbase.com/trade/BTC-USD)
- Deciding close: $13,863 (Dec 31, 2017) · [price data](https://exchange.coinbase.com/trade/BTC-USD)

[How we check predictions](https://predictionverifier.com/how-we-check-predictions/)

## More from Mike Novogratz

- [Mike Novogratz: Bitcoin at or above $60,000 on Dec 31, 2021](https://predictionverifier.com/predictions/mike-novogratz-bitcoin-60k-by-2021/) · Missed · $47,408 → $60,000 · Deadline Dec 31, 2021 · #d586a
  “So I would be $60,000 end of this year, and I’m $500,000 probably like 2024-2025…”
- [Mike Novogratz: Bitcoin to rise 100% by Sep 30, 2020](https://predictionverifier.com/predictions/mike-novogratz-bitcoin-up-100pct-by-2020/) · Missed · $6,666 → $13,332 · Deadline Sep 30, 2020 · #62767
  “In an April 2 interview with CNBC’s Closing Bell, Novogratz also expressed his confidence that Bitcoin’s price should at least double before October 2020.”
- [Mike Novogratz: Bitcoin to $20,000 by Dec 31, 2020](https://predictionverifier.com/predictions/mike-novogratz-bitcoin-20k-by-2020/) · Hit · $6,666 → $20,000 · Deadline Dec 31, 2020 · #f2d4f
  “Mike Novogratz, CEO of crypto merchant bank Galaxy Digital and a well-known Bitcoin bull, has once again reiterated his bullish stance to the biggest cryptocurrency, predicting that Bitcoin should retest its $20,000 highs by the end of 2020.”
- [Mike Novogratz: Bitcoin at or above $12,000 on Dec 31, 2020](https://predictionverifier.com/predictions/mike-novogratz-bitcoin-12k-by-2020/) · Hit · $7,246 → $12,000 · Deadline Dec 31, 2020 · #f5b96
  “2020 prediction #1. @realDonaldTrump loses by more than 10mm votes. #2 $btc finishes over 12k.”
- [Mike Novogratz: Ethereum to $500 by Dec 31, 2017](https://predictionverifier.com/predictions/mike-novogratz-ethereum-500-by-2017/) · Hit · $368.24 → $500 · Deadline Dec 31, 2017 · #77e13
  “Speaking on Bloomberg TV, Novogratz, who has been bullish on Bitcoin throughout the year, said Bitcoin would yet hit the magic number before the new year, and also predicted $500 per coin for Ether (ETH) within the same period.”

## Other Bitcoin predictions

- [Brian Armstrong: Bitcoin to $400,000 by Dec 31, 2030](https://predictionverifier.com/predictions/brian-armstrong-bitcoin-400k-by-2030/) · Open · $78,284 → $400,000 · Deadline Dec 31, 2030 · #bcf13
  “Coinbase chief executive Brian Armstrong still expects Bitcoin to reach $400,000 by 2030, he told CNBC Squawk Box Asia on Thursday, calling it a "reasonable target" even as BTC currently trades around $77,000.”
- [Tim Draper: Bitcoin to $250,000 by Jul 4, 2027](https://predictionverifier.com/predictions/tim-draper-bitcoin-250k-by-july-2027/) · Open · $62,520 → $250,000 · Deadline Jul 4, 2027 · #27561
  ““It just wasn’t me. I haven’t touched it. Arkham has it wrong,” Draper told Cointelegraph, adding that he still expects Bitcoin to reach $250,000 within one year.”
- [Arthur Hayes: Bitcoin at or above $500,000 on Dec 31, 2026](https://predictionverifier.com/predictions/arthur-hayes-bitcoin-500k-by-2026/) · Open · $76,349 → $500,000 · Deadline Dec 31, 2026 · #a5999
  “Adding to the bullish sentiment, BitMEX co-founder Arthur Hayes has set an end-of-year Bitcoin price target of $500,000 and a $200 target for HYPE, in an exclusive interview with Coinpedia, while reaffirming that the majority of his personal wealth remains stored in Bitcoin.”
- [Tim Draper: Bitcoin to $250,000 by Oct 14, 2027](https://predictionverifier.com/predictions/tim-draper-bitcoin-250k-by-october-2027/) · Open · $74,446 → $250,000 · Deadline Oct 14, 2027 · #60478
  “I have reason to believe that bitcoin will reach $250K in 18 months … eventually I expect the number to be higher as bitcoin rises and the dollar falls to inflationary pressures.”
- [Tim Draper: Bitcoin to $250,000 by Dec 31, 2026](https://predictionverifier.com/predictions/tim-draper-bitcoin-250k-by-2026/) · Open · $93,722 → $250,000 · Deadline Dec 31, 2026 · #52073
  “2026 será grande. Bitcoin se vuelve convencional. Mi predicción de $250K finalmente alcanzada.”

## More on this prediction

- [Mike Novogratz's price predictions](https://predictionverifier.com/people/mike-novogratz/)
- [Bitcoin price predictions](https://predictionverifier.com/assets/bitcoin/)

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