Anthony Scaramucci predicts that Bitcoin will reach a price of $176,000 in the near future.
Anthony Scaramucci, founder of SkyBridge Capital, predicts that Bitcoin will reach $176,000 within the next two years.
Veteran crypto supporter Anthony Scaramucci has set a high target for Bitcoin, the leading cryptocurrency by market cap. In a recent interview, the managing partner at SkyBridge stated that he expects Bitcoin to hit $176,000 by mid-2026.
The Wall Street figure, who has backed Kamala Harris, continues to praise the original cryptocurrency, highlighting its potential for significant growth in the short term. He believes that Bitcoin could triple in value over 18–20 months, citing the asset’s limited supply and increasing demand as factors contributing to this projection.
Scaramucci Discusses Bitcoin-Gold Comparison
During another interview on the same day, Scaramucci talked about comparing Bitcoin to gold, referring to the leading cryptocurrency as digital gold. He mentioned that other financial experts, like BlackRock CEO Larry Fink, share his belief, suggesting that Bitcoin could eventually reach half of gold’s market cap.
Scaramucci anticipates this milestone for Bitcoin within a decade, potentially providing a tenfold return on investment for the pioneering cryptocurrency. Gold is currently trading at a record high of $2,754 per ounce with a market cap of $18.494 trillion.
This is not the first time Scaramucci has predicted that Bitcoin could rival gold’s market cap. In a previous report, the founder of SkyBridge Capital stated that Bitcoin could eventually reach and even exceed gold’s market cap.
Early Stage for Bitcoin
In a recent tweet, Scaramucci suggested that buying Bitcoin at its current price is still considered early. He emphasized that believing it’s too late to invest after Bitcoin’s recent surge is a misconception.
Scaramucci encouraged his followers to acquire Bitcoin while it’s still discounted, educate themselves about it, and follow influential figures like Michael Saylor and Eric Voorhees.
Meanwhile, Bitcoin has bounced back to $71,000 after a brief dip to $68,000. The leading cryptocurrency has seen a minor increase of less than 1% in the last 24 hours and a 4.37% gain over the past week.
Disclaimer: This content serves as informative and should not be taken as financial advice. The opinions expressed in this article are personal views of the author and do not necessarily reflect those of The Crypto Basic. Readers are advised to conduct thorough research before making any investment decisions. The Crypto Basic is not liable for any financial losses incurred.
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