SkyBridge Capital CEO Predicts Bitcoin Will Reach New All-Time Highs by Next Year
Anthony Scaramucci, the CEO of SkyBridge Capital, believes that Bitcoin (BTC) will surpass its previous all-time high of $69,000 in the near future. In an interview with CNBC, Scaramucci expressed his confidence in Bitcoin’s potential for growth.
Bitcoin ETF and Price Predictions
Scaramucci discussed the impact of a Bitcoin exchange-traded fund (ETF) on the cryptocurrency’s price. He acknowledged that his previous predictions had been off, but he remains optimistic about Bitcoin’s performance.
While there may be some selling pressure in the beginning of the quarter due to market rumors, Scaramucci anticipates that Bitcoin will break its all-time high by the end of next year. However, he admitted to being cautious about making precise predictions given his past experiences.
Current Bitcoin Price
As of now, Bitcoin is valued at $41,871, experiencing a 4% decline over the past 24 hours.
Past Predictions and Future Trends
In a previous forecast, Scaramucci anticipated a rally in both Bitcoin and Ethereum (ETH) as the Federal Reserve considered halting rate hikes. He also mentioned that the potential approval of a Bitcoin ETF by the U.S. Securities and Exchange Commission (SEC) and Bitcoin’s upcoming halving in April could contribute to an upward trend.
Hot Take: Anthony Scaramucci Remains Bullish on Bitcoin’s Future
Despite previous prediction failures, Anthony Scaramucci maintains a positive outlook on Bitcoin’s future performance. While acknowledging potential selling pressure in the short term, he believes that Bitcoin will surpass its all-time high by the end of next year. However, he remains cautious due to his past forecasting track record. As Bitcoin continues to fluctuate, market participants eagerly await the cryptocurrency’s next move.
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