Bitcoin’s Potential Trajectory After the Halving, According to Anthony Scaramucci
SkyBridge Capital founder Anthony Scaramucci shared an optimistic take on Bitcoin’s potential trajectory following the halving. He suggested that Bitcoin could experience a conservative increase of more than 300% in the coming months.
Scaramucci Predicts BTC at $170k
Scaramucci, a Goldman Sachs vet, predicts that Bitcoin could reach $170,000 after the halving in April, based on historical data. He approximates the peak period for Bitcoin to occur approximately 18 months after the halving event.
“Review Bitcoin halving cycles – the day it halves, multiply by four, 18 months later, and it consistently reflects Bitcoin’s price. Using a conservative $35,000 at the halving, if we’re at $50,000 in April, it could be $200,000; at $60,000, it could reach $240,000.”
– Anthony Scaramucci
In the long term, Scaramucci envisions Bitcoin nearing half of gold’s market capitalization. With gold at $14.5 trillion, if Bitcoin hits $7 or $8 trillion, that’s a 10x increase – a $400,000 Bitcoin.
Bitcoin ETF Approval Sparks More Volatility
Bitcoin’s price has been fluctuating since the approval of spot Bitcoin ETFs by the Securities and Exchange Commission (SEC) in the US. Some experts predict a massive jump in Bitcoin prices, while others believe that the hype around ETFs has faded.
ARK Invest CEO Cathie Wood predicts that Bitcoin’s price could reach $1.5 million by 2030 in a bullish scenario, raising her estimate by 50% from a previous prediction of $1 million.
Despite this, some crypto investors predict that Bitcoin could surge to more than $100,000 this year, with all-time high price predictions ranging from $100,000 to $250,000.
Investors closely monitor the interest surrounding the eleven approved ETFs, with offerings from BlackRock, Fidelity, and various crypto-native companies contributing to swift trading volumes and market enthusiasm.
Hot Take: The Potential Growth of Bitcoin
The positive predictions from Anthony Scaramucci highlight the potential for significant growth in Bitcoin, particularly in light of the upcoming halving event. With historical data as a guide, Scaramucci believes Bitcoin could reach $170,000 after the halving. In the long term, he envisions Bitcoin nearing half of gold’s market capitalization, potentially leading to a $400,000 Bitcoin. Despite fluctuations and differing opinions on ETFs, there is still a strong belief among crypto investors that Bitcoin has the potential to surge to new heights in the coming months and years.
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