Anthony Scaramucci, the founder of SkyBridge Capital, recently shared his bullish outlook on Bitcoin’s future, anticipating that the leading cryptocurrency could reach the $100,000 milestone by the end of this year. In an interview with CNBC, Scaramucci expressed confidence in Bitcoin’s recovery despite its recent correction to around $53,000.

According to Scaramucci, the current price slump is a temporary situation, driven by events such as the settlement of creditors of bankrupt exchange Mt. Gox and the German government’s coin sales. “We still love the long-term fundamentals of Bitcoin. And I think, like I said, it will be $170,000 post-halving, but I think you can get to $100,000 by the end of the year, but it has to go through that grind now.”

Additionally, Scaramucci highlighted a possible wave of investment returning to Bitcoin, related to the restoration of FTX user funds. “FTX will soon release about $16 billion in cash to investors who had their accounts with FTX. And that is very good news for Bitcoin holders, I believe, because a lot of that was in Bitcoin. It was frozen in the bankruptcy. It was dollarized, unfortunately at low numbers for Bitcoin, but it will come back to those account holders soon, and we think a lot of that could flow into the asset.”

At the time of publication, the price of BTC was quoted at US$58,027.55 with an increase of 1% in the last 24 hours.


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


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