Bitcoin Price Surge Predicted After 2024 Halving by Anthony Scaramucci
Skybridge Capital’s Anthony Scaramucci predicts Bitcoin will reach $170,000 after the 2024 halving, based on historical patterns.
Halving Dynamics
Scaramucci’s prediction was made on the Scott Melker podcast, citing the cyclical nature of Bitcoin’s price movements post-halving. He anticipates a potential surge to at least $170,000 within 18 months, with a more conservative estimate starting at $50,000 in April and reaching a $200,000 handle.
Scaramucci also envisions a long-term outlook with Bitcoin reaching approximately $400,000 per coin, half the market cap of gold.
Contrary Views By BitQuant and Bloomberg
BitQuant forecasts a catalyst for new highs, setting a price target of $250,000. Meanwhile, Bloomberg Intelligence and Matrixport anticipate Bitcoin to surpass $50,000 in 2024, with an 81% increase.
BitQuant’s forecasts potential pullbacks but estimates that Bitcoin will reach $250,000 before the halving, while Bloomberg analysts predict a climb beyond $50,000 by 2024, attributing the expected increase to the upcoming halving.
Despite positive projections, challenges such as regulatory scrutiny and economic uncertainties may impact Bitcoin’s trajectory, currently trading at $43,419.30.
Hot Take
As Bitcoin gears up for the 2024 halving, experts offer both optimistic and contrasting views. While Scaramucci and BitQuant anticipate a price surge, Bloomberg’s forecast reminds investors to exercise caution.
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