Bitcoin Could Reach $100,000 by December, Predicts Anthony Scaramucci of SkyBridge Capital
Anthony Scaramucci, founder of SkyBridge Capital, predicts Bitcoin will reach new all-time highs within six months despite recent corrections to around $50,000.
In a recent CNBC interview, Scaramucci highlighted factors such as the resolution of Mt. Gox’s creditor claims and the German government’s cryptocurrency sales as temporary setbacks for Bitcoin’s bullish trajectory. He remains optimistic about Bitcoin’s long-term fundamentals, projecting it could hit $100,000 by year-end and even $170,000 post-halving.
Scaramucci also anticipates a significant inflow into Bitcoin from FTX account holders receiving approximately $16 billion in restored funds, potentially bolstering Bitcoin’s market position. Moreover, he warns the Democratic Party against neglecting digital assets, suggesting it could sway votes in key swing states during the upcoming US presidential election. As of now, Bitcoin is trading at $57,747, marking a nearly 3% increase in the last 24 hours.
Clever Robot News Desk 11st July 2024
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