Anthony Scaramucci: BTC’s Growth Fundamentals Are Strong
According to SkyBridge founder Anthony Scaramucci, the growth fundamentals of Bitcoin (BTC) are strong. He compared the flows in the spot Bitcoin ETF ecosystem to the volume of BTC that MicroStrategy’s former CEO Michael Saylor purchases every 30 days. MicroStrategy holds one of the largest Bitcoin portfolios among its Wall Street peers and continues to buy BTC without any plans to sell. Since the SEC approved spot Bitcoin ETFs, the total flows have surpassed $1.6 billion, but they still compete with MicroStrategy’s volume. Scaramucci believes that after the halving event, ETF products could achieve the same volume as MicroStrategy in just 15 days.
More Use Cases for Bitcoin in the Future
Scaramucci also mentioned that there will be more use cases for Bitcoin in the coming days, indicating his optimism about its future. He has consistently maintained a bullish stance on BTC’s price and predicted new highs after the SEC approved Bitcoin ETF applications. With the upcoming halving event, he even suggested that BTC could reach a market value of $170,000. Currently trading at $45,104.56 with a 3% increase in the last 24 hours, BTC still has a long way to go to reach Scaramucci’s predicted price.
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