Anthony Scaramucci’s Bullish Outlook for Bitcoin
Former White House Director of Communications, Anthony Scaramucci, who is also the founder and managing partner of global alternative investment firm SkyBridge Capital, recently shared his medium and long-term outlook for Bitcoin. During an appearance on the “OPTO – Invest in Innovation” podcast, Scaramucci expressed his bullish views on Bitcoin’s potential.
Bitcoin’s Potential as a Store of Wealth
Scaramucci believes that Bitcoin has the potential to become a $15 trillion asset and even surpass gold in value as a store of wealth. He emphasized that while he sees Bitcoin as valuable, he does not envision it becoming the universal standard for money.
Predicted Market Cap and Price Surge
Scaramucci expressed confidence that Bitcoin could reach an asset value of $15 trillion, which could translate to a price of over $700,000 per coin considering its limited supply. Currently priced around $28,000, this would be a significant increase. Scaramucci also revealed that his firm holds a substantial amount of Bitcoin.
Geopolitical Implications and Financial System Criticism
Scaramucci highlighted the geopolitical implications of Bitcoin, suggesting that countries opposed to the U.S. might turn to Bitcoin or gold-backed cryptocurrencies for trading if the U.S. continues to exert its influence with the dollar. He also criticized the existing financial system as “broken” and called for robust leadership to initiate a financial overhaul.
Clarification on BTC Value Prediction
In response to a question about predicting a surge in Bitcoin’s value to $31 million upon ETF approval, Scaramucci clarified that there was a typographical error in his previous statement. He stated that he never claimed BTC would reach that value and instead believes it could rise to between $150,000 and $250,000 in the upcoming cycle, potentially reaching $750,000 by the end of the decade.
Hot Take: Anthony Scaramucci’s Optimistic Vision for Bitcoin
Anthony Scaramucci, the founder of SkyBridge Capital, shares a bullish outlook on Bitcoin’s potential. He believes it could become a $15 trillion asset and surpass gold as a store of wealth. However, he does not see it becoming the universal standard for money. Scaramucci predicts that Bitcoin’s limited supply and market cap could drive its price to over $700,000 per coin. He also highlights the geopolitical implications of Bitcoin and criticizes the existing financial system as “broken.” Despite clarifying a typographical error in his previous statement, Scaramucci remains optimistic about Bitcoin’s growth, expecting it to reach between $150,000 and $250,000 in the upcoming cycle and potentially hit $750,000 by the end of the decade.
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