# Mike Novogratz: Ethereum to $500 by Dec 31, 2017

Updated Sep 30, 2026 · Web page: https://predictionverifier.com/predictions/mike-novogratz-ethereum-500-by-2017/

Mike Novogratz's prediction that Ethereum would reach $500 by December 31, 2017 came true. Ethereum closed at $518 on December 11, 2017, the first close at or above the target. Mike Novogratz made the call on Bloomberg on November 21, 2017, when Ethereum was at $368.24. The target needed a 36% rise in one month.

| Field | Value |
|---|---|
| Status | Hit |
| Person | [Mike Novogratz](https://predictionverifier.com/people/mike-novogratz/) |
| Asset | [Ethereum (ETH)](https://predictionverifier.com/assets/ethereum/) |
| Outlet | Bloomberg |
| Said on | Nov 21, 2017 |
| Quote | “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.” |
| Price when said → target | $368.24 → $500 |
| Change | +36% from the price when said |
| Deadline | Dec 31, 2017 |
| Deciding close | First close at or above the target: $518 (Dec 11, 2017) |
| Source | [Bloomberg](https://bitcoinist.com/bitcoin-10000-6-weeks-easy-novogratz-tells-bloomberg/) |
| Archive | [Archive](https://web.archive.org/web/20260114083116/https://www.bitcoinist.com:80/bitcoin-10000-6-weeks-easy-novogratz-tells-bloomberg) |
| How we check | [How we check predictions](https://predictionverifier.com/how-we-check-predictions/#touch) |
| Public ID | #77e13 |

## 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://bitcoinist.com/bitcoin-10000-6-weeks-easy-novogratz-tells-bloomberg/) · [Archive](https://web.archive.org/web/20260114083116/https://www.bitcoinist.com:80/bitcoin-10000-6-weeks-easy-novogratz-tells-bloomberg)

> 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.

## How we checked this

The prediction comes true if any daily close from Nov 21, 2017 to Dec 31, 2017, inclusive, is at or above $500. Prices are daily closes in UTC, not intraday highs.

- Price when said: $368.24 (Nov 20, 2017) · [price data](https://exchange.coinbase.com/trade/ETH-USD)
- Deciding close: $518 (Dec 11, 2017) · [price data](https://exchange.coinbase.com/trade/ETH-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: Bitcoin at or above $10,000 on Dec 31, 2017](https://predictionverifier.com/predictions/mike-novogratz-bitcoin-10k-by-2017/) · Hit · $8,256 → $10,000 · Deadline Dec 31, 2017 · #d5000
  “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.”

## Other Ethereum predictions

- [Arthur Hayes: Ethereum to $5,000 by Dec 31, 2026](https://predictionverifier.com/predictions/arthur-hayes-ethereum-5k-by-2026/) · Open · $1,859 → $5,000 · Deadline Dec 31, 2026 · #7ab1d
  “Hayes also forecast that Ether (ETH) would reach $5,000 by year-end and said Maelstrom intends to build a significant position while selling out-of-the-money ETH put options.”
- [Geoff Kendrick: Ethereum at or above $7,500 on Dec 31, 2025](https://predictionverifier.com/predictions/geoff-kendrick-ethereum-7500-by-2025/) · Missed · $4,590 → $7,500 · Deadline Dec 31, 2025 · #ac970
  “We now see ETH at USD 7,500 by end-2025 (USD 4,000 prior) and USD 25,000 by end-2028 (USD 7,500)”
- [Geoff Kendrick: Ethereum at or above $25,000 on Dec 31, 2028](https://predictionverifier.com/predictions/geoff-kendrick-ethereum-25k-by-2028/) · Open · $4,590 → $25,000 · Deadline Dec 31, 2028 · #a449a
  “We now see ETH at USD 7,500 by end-2025 (USD 4,000 prior) and USD 25,000 by end-2028 (USD 7,500)”
- [Arthur Hayes: Ethereum at or above $10,000 on Dec 31, 2025](https://predictionverifier.com/predictions/arthur-hayes-ethereum-10k-by-2025/) · Missed · $3,630 → $10,000 · Deadline Dec 31, 2025 · #c6798
  “My year-end targets: Bitcoin = $250,000. Ether = $10,000.”
- [Geoff Kendrick: Ethereum to $4,000 by Dec 31, 2025](https://predictionverifier.com/predictions/geoff-kendrick-ethereum-4k-by-2025/) · Hit · $1,472 → $4,000 · Deadline Dec 31, 2025 · #62fcd
  “In related forecasts, Kendrick downgraded Ethereum’s 2025 price target from $10,000 to $4,000 while projecting that Avalanche (AVAX) will hit $250 by 2029.”

## More on this prediction

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

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