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.
Despite common fears that global crises spell disaster for crypto markets, new data from Binance Research suggests the opposite may be true — at least for Bitcoin.
A new report by crypto analytics firm Alphractal reveals that Bitcoin miners are facing some of the lowest profitability levels in over a decade — yet have shown little sign of capitulation.
Bitcoin’s network hashrate has fallen 3.5% since mid-June, marking the sharpest decline in computing power since July 2024.
Bitcoin has officially overtaken Alphabet (Google’s parent company) in global asset rankings, becoming the sixth most valuable asset in the world, according to the latest real-time market data.