Anthony Scaramucci Forecasts Bitcoin Price Target in Next 18 Months Following Halving

Bitcoin is preparing for its halving in 2024, and Anthony Scaramucci of Skybridge Capital is predicting a surge in its price to at least $170,000 post-halving. Scaramucci bases his prediction on historical patterns and the cyclical nature of Bitcoin’s price movements. He even suggests that if Bitcoin starts at $50,000 in April, it could potentially reach $200,000. Looking further into the future, Scaramucci envisions Bitcoin reaching half the market cap of gold, which would translate to approximately $400,000 per coin.

However, not everyone shares Scaramucci’s optimism. BitQuant predicts potential pullbacks but still estimates Bitcoin to hit $250,000 before the halving, suggesting that the event might act as a catalyst. This forecast could have an impact on crypto-related ETFs like SATO and BLKC, which could benefit from the surge in Bitcoin’s price. Bloomberg analysts also foresee Bitcoin surpassing $50,000 by 2024, attributing the expected increase to the upcoming halving.

Despite these positive projections, challenges such as regulatory scrutiny and economic uncertainties still remain. Bitcoin is currently trading at $43,419.30 and faces obstacles in reaching its previous all-time highs. As Bitcoin’s trajectory is fueled by the upcoming halving in 2024, experts are eagerly anticipating its future performance. While Scaramucci and BitQuant offer contrasting views, Bloomberg’s forecast serves as a reminder for investors to proceed with caution.