Anthony Scaramucci, CEO of SkyBridge Capital and founder of SkyBridge Capital, says Bitcoin (BTC), which is hovering around its high point at the moment appears to be ready for further gains.
The hedge fund veteran said in a recent interview with the White Crypto YouTube Channel that Bitcoin’s current price could rise by as much as 65% before the year ends.
Every time I predict a price, it’s wrong. Last year, I said that we were close to $100,000. It wasn’t until the [President Trump] inaugural that we reached our goal. It’s possible that this will be $150,000-$180,000 by the end of year .”
Scaramucci believes that institutional investors’ demand for Bitcoin will continue to rise.
The dominance of Bitcoin, or Bitcoin supremacy as I call it, has been growing and will continue to grow because institutional investors are flocking towards this asset. It’s not that other coins will fail. The institutional money that is coming in, I believe 80% will go to Bitcoin .”
Scaramucci says that Bitcoin has been hit by a number of challenges due to the high demand.
Bitcoin is held back by a number of factors. There are wars in the Gulf of Aden, in Ukraine, and in Russia, the former Soviet Union. Global tension exists. Fear of recession is prevalent. Economically, we’re still recovering from COVID. Bitcoin is being held back by a number of factors.
Despite that, Bitcoin is being bought in large numbers, especially through [exchange traded funds] ETFs.
Bitcoin currently trades at $109 273.
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This post Anthony Scaramucci says $180,000 Bitcoin price explosion possible as BTC “Supremacy” creeps up – here’s his timeline appeared first on The This original article appeared on ICD.
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