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.
While Bitcoin’s price has recently rebounded, the enthusiasm for spot ETFs appears to be cooling. Weekly inflows into U.S. Bitcoin ETFs have dropped sharply, signaling a pause in aggressive institutional accumulation.
A wave of optimism swept through global markets as the United States and China took decisive steps to de-escalate their long-running trade dispute.
Strategy has made another massive move into Bitcoin, adding 13,390 BTC to its already substantial crypto reserves.
As Warren Buffett prepares to step down from Berkshire Hathaway, speculation is swirling about whether his successor, Greg Abel, will bring a fresh perspective to the table — including the firm’s long-standing aversion to Bitcoin.