Anthony Scaramucci, investor and founder of SkyBridge Capital, once again highlights his support for the largest cryptocurrency on the market, the Bitcoin (BTC). In a recent post, Scaramucci highlighted that the US dollar is far from losing its appeal, showing how the value of a dollar in the year 2020 is currently only worth about 75 cents.
As an alternative, the financial expert recommended that his followers buy Bitcoin. “The 2020 dollar is now worth 75 cents. Buy Bitcoin credit”, wrote Anthony Scaramucci, in a publication, on April 26, which shows data on inflation in the country.
Dollar from 2020 is now worth 75 cents. Buy Bitcoin credit @balajis pic.twitter.com/WzIosKfJv2
—Anthony Scaramucci (@Scaramucci) April 26, 2024
In 2020, bitcoin traded at a low of US$7.199 on the first day of the year, showing an impressive price increase to US$28.949 on December 31, with an increase of 302,13% at the time. At the time of publication, the Bitcoin price it was quoted at US$63.511,30 with an increase of 0.5% in the last 24 hours. During this period, the cryptocurrency recorded a trading volume of US$28.354.919.437.
Epic Bitcoin Prediction by Anthony Scaramucci; Will BTC price reach US$8 million?
Anthony Scaramucci, investor and founder of SkyBridge Capital, revealed his rather optimistic belief for the future growth of Bitcoin (BTC). Scaramucci recently shared his opinion on the price of the largest cryptocurrency on the market before the halving, which took place last week.
The statements made by the CEO of SkyBridge Capital came in an interview with CNBC. When evaluating the current scenario, Scaramucci highlighted that the halving event had not yet been priced in, as Bitcoin “still has much more to go”. In his expectation related to the target price, Scaramucci emphasized that he believes Bitcoin could rise up to 10 times from its current level.
“I'm simply saying that it should be traded at half the valuation of gold, which represents a change of six to eight, ten times in relation to this value”, said Anthony Scaramucci, adding that this movement should not happen in the short term.
The legendary investor stated that he sees the largest cryptocurrency on the market as a digital store of value similar to gold, which could potentially see an increase in value of between six and ten times its current price. In his prediction, Scaramucci highlighted that Bitcoin has a potential price target of $170.000 for this cycle.
