Vinny Lingham: Bitcoin could test $12k in near future

Bitcoin could blow through $10,000 and test $12,000 very soon, according to Vinny Lingham, who fronts blockchain startup Civic and is also a general partner at Multicoin Capital.

In a tweet, he said that he expects consolidation around the $10,000 level for some time “if $12,000 is (likely) rejected”.

Michael Novogratz

Bitcoin will consolidate somewhere between $7,000-$10,000, Michael Novogratz, Founder and CEO of Galaxy Digital, reckons.

“If I’m wrong on that, I think I’m wrong to the upside, that there’s enough excitement and momentum that it could carry through,” he said this week.

According to a Bloomberg report, Novogratz credits this year’s rally to mainstream acceptance of cryptocurrencies, as well as Wall Street giants and companies like Facebook turning their attention to blockchain technology.

Scott Thompson

Scott has been working in technology and business journalism for nearly 20 years, with a focus on FinTech, retail, payments and disruptive technology. He has been Editor of such titles as FStech, Retail Systems and IBS Journal and also contributed to the likes of Retail Technology Innovation Hub, PaymentEye, bobsguide, Essential Retail, Open Banking Hub, TechHQ and Internet of Business.