Bitcoin's Berserker Run Resumes After Exchange Breaks; Novogratz Says "Not Close To The End"
Mike Novogratz - self-described as the "Forrest Gump of Bitcoin" - is on the wires calling Bitcoin a "cultural revolution."
"The world is in blockchain speculative phase... not close to the end of the speculative phase"
Novo added that Bitcoin futures will give rise to ETFs and even broader adoption and a "sell-off after the speculative phase is complete."
"Cryptokitties will be a fad"
"It's hard to mitigate volatility risk in Bitcoin"
Novogratz says "banks will be slow to move into the industry and doesn't see quick adoption of Bitcoin as a currency"