Anthony Scaramucci predicts Bitcoin jump to $170,000 – Investor’s optimism and forecasts

Anthony Scaramucci Predicts Bitcoin Price Surge to $170,000

One of the prominent investors and founder of SkyBridge Capital, Anthony Scaramucci, has spoken out about the future of Bitcoin in terms of its price and role as an investment asset. According to Scaramucci’s predictions, the price of the world’s most popular cryptocurrency could reach at least $170,000 within an 18-month cycle post the last halving event.

Scaramucci’s Optimism Towards the Bitcoin Market

Scaramucci expressed his positive outlook on the Bitcoin market during an interview with CNBC. He noted that investments in Bitcoin ETFs have reached an impressive value of over $10 billion in cumulative flows in just three months. This achievement, he believes, would even surpass the annual performance of gold ETFs.

Bitcoin as a Long-term Asset

Scaramucci views Bitcoin as a long-term asset rather than just a short-term hedge against inflation. In his opinion, as a technical asset, Bitcoin has the potential to reach at least half the value of the gold market, which could ultimately lead to the conclusion of the current cycle at $170,000.

Admiration for Sam Bankman-Fried

During his remarks, Scaramucci underlined his sentiments towards Sam Bankman-Fried, who recently found himself in a complicated situation. Bankman-Fried, the founder of the venture capital firm FTX, acquired a 30% stake in SkyBridge in September 2022. Unfortunately, FTX declared bankruptcy in November of the same year, posing challenging times for both the company and investors.

Scaramucci expressed sadness over Bankman-Fried’s situation, emphasizing his potential and mental state. Nevertheless, he considered the 25-year sentence lenient, encouraging Bankman-Fried to admit guilt before the trial. At the same time, Scaramucci assured that investors would recover their funds, which, however, would be converted to dollars due to the increase in the value of Bitcoin since then.