Anthony Scaramucci, SkyBridge Capital's founder, expressed optimism about Bitcoin's future, predicting significant new highs within six months.
During a recent CNBC interview, Scaramucci suggested Bitcoin could reach six figures soon after correcting to the $50,000 range. He attributed the current correction to various factors, including the resolution of issues like Mt. Gox’s settlement with creditors and the German government’s crypto sales.
Scaramucci reaffirmed his bullish stance on Bitcoin’s long-term fundamentals, projecting it could reach $100,000 by year-end and potentially $170,000 post-halving.
He highlighted the impending release of approximately $16 billion to former FTX account holders as a potential catalyst for Bitcoin, anticipating that a substantial portion might flow back into the cryptocurrency.
Additionally, Scaramucci cautioned the Democratic Party about the electoral implications of their cautious stance on digital assets, suggesting that embracing cryptocurrencies could sway single-issue voters in key swing states during the upcoming US presidential election.
Metaplanet is aggressively expanding its Bitcoin holdings through an unconventional $5.4 billion capital raise, positioning itself as a leading BTC proxy in Asia.
BlueBird Mining Ventures, a London-listed firm traditionally focused on gold, is making headlines after announcing it will liquidate its gold reserves and begin accumulating Bitcoin as a treasury asset.
Bitcoin tumbled sharply today, shedding more than 3.5% in a matter of hours and briefly flirting with the critical $100,000 level.
Bitcoin is treading water near $105,000, but pressure is building on both sides of the trade as macro forces tighten.