Anthony Scaramucci, the head of SkyBridge Capital, has said something extremely bold about Blockchain.He believes it will go through the roof and reach $8 million.
Scaramucci told CNBC that he thinks the upcoming halving event in April has not yet been fully taken into account in the price of Bitcoin as it stands. Some market experts say that Bitcoin’s value might not go through the roof, but Scaramucci says it could. He compares it to digital gold.
Bitcoin’s Potential Valuation Growth
Scaramucci is optimistic because he thinks that Bitcoin’s value could finally drop to half that of gold. This would mean that its price could go up six to ten times from where it is now. He does warn, though, that such a surge probably won’t happen in the near future because the coin market is naturally volatile and goes through cycles.
Even though the BTC market is still going up, thanks to exchange-traded funds (ETFs), Scaramucci is still optimistic about the future of the digital currency. According to him, the use of BTC ETFs could help it grow even more. He compares BTC to traditional ways of storing value, such as gold.
Scaramucci is very interested in BTC and other cryptocurrencies like Avalanche and Solana. He is still mostly interested in Bitcoin, though, since it is the market winner and could change how funds works.
Scaramucci not only guesses what the price of Bitcoin will be, but he also promotes Bitcoin’s ability to change things, which is especially important in light of worrying predictions about the U.S. government debt. He keeps talking about BTC as a way to protect yourself from financial turmoil on sites like X. He focuses on how it can be used as a store of value in a world where prices change quickly.
