- Scaramucci predicts Bitcoin will reach $200,000 after halving, based on previous cycles and conservative projections.
- Bitcoin could equal half the market value of gold, raising its price to $400,000, according to Scaramucci.
In a recent podcast with Scott Melker, Anthony Scaramucci, founder of Skybridge Capital, shared his optimism towards the future of bitcoin, projecting significant growth after the next halving.
Based on the history of previous bitcoin cycles, Scaramucci suggests that the cryptocurrency’s value could quadruple 18 months after the halving. This event, scheduled for April, will halve the amount of new bitcoins entering circulation.
Scaramucci proposes a conservative scenario, where if bitcoin is at $35,000 at the time of the halving, it could reach a value of $200,000. If it is at $60,000, the value would skyrocket to $240,000.
Beyond these short-term predictions, Scaramucci is even more ambitious for the longterm. He suggests that bitcoin could easily reach half the market capitalization of gold, raising the price of a coin to approximately $400,000.
The Skybridge Capital founder also revealed his role as the first outside investor in BlackRock’s spot bitcoin ETF. The move marks a shift in the perception of bitcoin by major players in the financial market. Even Larry Fink, CEO of BlackRock and previously skeptical about bitcoin, has changed his stance, transforming himself into a “big believer” in the cryptocurrency.
Scaramucci praised Fink for his ability to reassess his perspective on bitcoin and adapt to changes in the market. This change in Fink’s attitude and his involvement in the bitcoin ETF are seen as indicative of a growing acceptance of bitcoin in the traditional financial arena.
Scaramucci’s note comes at a crucial time for bitcoin and the cryptocurrency market in general, where every halving has been closely watched by analysts and enthusiasts. The expectation of an increase in bitcoin’s value after the halving, according to Scaramucci, not only reflects the cryptocurrency’s potential but also the growing interest and confidence in it by institutional investors and financial market leaders.
