Epic Bitcoin Prediction by Anthony Scaramucci; Will BTC price reach US$8 million?

Anthony Scaramucci, investor and founder of SkyBridge Capital, revealed his very optimistic belief for the future growth of Bitcoin (BTC). Scaramucci recently shared his opinion on the price of the largest cryptocurrency on the market before the halving, scheduled to take place in a few weeks.

The statements made by the CEO of SkyBridge Capital came in an interview with CNBC. When evaluating the current scenario, Scaramucci highlighted that the halving event has not yet been priced in, as Bitcoin “still has much more to go”. In his expectation related to the target price, Scaramucci emphasized that he believes Bitcoin could rise up to 10 times from its current level.

“I’m simply saying that it should be traded at half the valuation of gold, which represents a change of six to eight, ten times in relation to this value”, said Anthony Scaramucci, adding that this movement should not happen in the short term.

Thanks @ScottWapnerCNBC for having me on to discuss Bitcoin’s future amid a strong run and my thoughts on the sad-but-necessary SBF sentencing.

SkyBridge’s Anthony Scaramucci: Bitcoin still has room to run – https://t.co/DIX1q12wGo pic.twitter.com/mE7KJuVKTC

— Anthony Scaramucci (@Scaramucci) April 6, 2024

The legendary investor stated that he sees the largest cryptocurrency on the market as a digital store of value similar to gold, which could potentially see an increase in value of between six and ten times its current price. In his prediction, Scaramucci highlighted that Bitcoin has a potential price target of $170,000 for this cycle.

It is worth remembering that, at the beginning of 2024, Anthony Scaramucci revealed his belief in the growth of the total market capitalization of Bitcoin (BTC). At that time, Scaramucci stated that he believed the market capitalization of the largest cryptocurrency on the market could increase more than 13 times from its current price.

At the time of publication, the price of Bitcoin was quoted at US$67,690.67 with no increase in the last 24 hours.

Disclaimer:

The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing or trading cryptocurrencies carries a risk of financial loss.