Scaramucci anticipates Bitcoin surging to $170k
Anthony Scaramucci, the founder of SkyBridge Capital, has shared his positive outlook on the Bitcoin market, predicting that the cryptocurrency will reach a minimum of $170,000 during the 18-month post-halving cycle. In a recent interview with CNBC, Scaramucci highlighted the impressive growth of Bitcoin ETFs, which attracted over $10 billion in inflows within just three months. This achievement took Gold ETFs a whole year to accomplish. Scaramucci also noted that the USD has experienced a 22% decrease in value since January 2020, contrasting with Bitcoin’s over 800% increase. Despite the extreme volatility that Bitcoin has faced, long-term holders have seen substantial profits. Scaramucci views Bitcoin as a valuable long-term asset rather than a short-term hedge against inflation. He believes that Bitcoin, as a technical asset, could potentially achieve half the valuation of the gold market, reaching $170,000 by the end of this cycle. Scaramucci also discussed the recent sentencing of Sam Bankman-Fried, highlighting his sadness for Bankman-Fried’s potential and mental condition. Although he believed that the 25-year sentence was lenient, Scaramucci emphasized that Bankman-Fried should have pleaded guilty before the trial.
