Anthony Scaramucci Forecasts Bitcoin’s Bullish Trajectory, Anticipates Achieving a New Record High
In a recent interview with CNBC, Anthony Scaramucci, the founder of Skybridge Capital and a prominent figure in the crypto investment space, shared his optimistic outlook for the future of Bitcoin (BTC). He predicts that the digital currency will surpass its all-time high (ATH) of $69,000 within the coming year.
Scaramucci’s bullish comments on Bitcoin’s future performance were made in the context of discussions about the potential approval of a Bitcoin exchange-traded fund (ETF) and its potential impact on the broader cryptocurrency market. During the interview, Scaramucci confidently stated that Bitcoin would eventually exceed its previous ATH, highlighting the surprising speed at which it has recently climbed.
While acknowledging the recent volatility and challenges within the crypto industry, Scaramucci pointed out that Bitcoin’s rapid rise caught many off guard, particularly those who weren’t closely following its developments. Drawing on his involvement in Bitcoin since 2020, Scaramucci emphasized the market’s 14 to 15-year journey of growth, emphasizing the need for a broader perspective when assessing BTC’s performance.
Scaramucci also acknowledged past predictions that have fallen short, including his own projection that Bitcoin would reach $100,000 by the end of 2022. Despite these occasional embarrassments, he maintains an optimistic stance on Bitcoin’s future.
When asked about the timing of Bitcoin’s potential new ATH, Scaramucci exercised caution and refrained from providing a specific timeline. He highlighted the influence of short-term market dynamics, such as the “buy the rumor, sell the news” phenomenon, as well as other factors that could shape Bitcoin’s near-term trends.
Discussing Skybridge Capital’s crypto portfolio, Scaramucci revealed that approximately one-third of the firm’s business involves cryptocurrencies. While the portfolio includes diverse holdings, including Ethereum and various tokens, Scaramucci emphasized Bitcoin’s supremacy, referring to it as the “big boss” among his investments.
As of now, Bitcoin is valued at $42,471, experiencing a 4% decline in the last 24 hours.