Bitcoin heading over $10,000

Bitcoin rising over $10,000 in six to 10 months, former Fortress hedge fund manager says, he'sbeen investing in bitcoin and its underlying blockchain technology for a while and sees bitcoin’s price rising to over $10,000 in the next six to 10 months, largely because of heavy investor interest. Bitcoin was up 2.1 percent on Tuesday, to $4874.15 as of 5 p.m. ET, according to CoinDesk, and has surged in value this year.

"I can hear the herd coming," he said during an appearance after market hours Tuesday on CNBC's " Fast Money ." He likened bitcoin to digital gold.

Bitcoin price continued in its upward movement by conquering the $3,000 mark. This happened just days after the cryptocurrency was forked and Bitcoin Cash emerged.

Bitcoin is the only cryptocurrency in the world that is not controlled by anybody, is secured by the largest network of computer power in the world and has a sound monetary policy. No matter how hard people try, the money supply is being sucked up by higher and higher demand as Bitcoin becomes more and more useful.

Now with more scaling, Bitcoin can fill the huge demand that it is receiving as more and more use cases emerge include remittances, online payments, store of value, Blockchain applications etc., makes it clear that Bitcoin is not a one-trick pony.