Why Anthony Scaramucci is Confident: Bitcoin Prediction Revised to $170,000 BTC Target, Explained

By Daisy Hodley Feb 16, 202432Views

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Anthony Scaramucci Stands by $170,000 Bitcoin Prediction

Skybridge Capital founder Anthony Scaramucci is sticking with his conservative price forecast for Bitcoin (BTC), reiterating his belief that the cryptocurrency could reach at least $170,000 following the halving event in April. Speaking in a recent interview, Scaramucci explained that the current momentum and the limited supply of 900 coins per day against high demand are driving the price squeeze upwards. He bases his prediction on Bitcoin’s historical price pattern, which typically sees it increase fourfold from its value at the time of a halving event. Additionally, Scaramucci predicts that the SEC will reject applications for spot Ethereum exchange-traded funds in May, potentially leading to a lawsuit. At present, Bitcoin is trading at $52,006.

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Daisy Hodley

Daisy Hodley emerges as a luminary blending the roles of crypto analyst, devoted researcher, and editorial virtuoso into a harmonious symphony. In the realm of digital currencies, Daisy's insights resonate with an exquisite resonance across a diverse spectrum of minds. Her adeptness in decoding intricate threads of crypto complexities seamlessly intertwines with her editorial finesse, translating intricacy into a captivating melody of understanding. A guiding star for both intrepid explorers and curious novices venturing into the crypto realm, Daisy's insights form a compass for discerning decision-making amidst the ever-shifting currents of cryptocurrencies. With the touch of a literary artist, they craft a narrative that enriches the evolving mosaic of the crypto landscape.