SkyBridge's Scaramucci expects Bitcoin price to hit $170,000

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SkyBridge's Scaramucci expects Bitcoin price to hit $170,000

despite its recent pullback from a record peak of $74,000, fueled by a broader crypto selloff and the launch of spot Bitcoin ETFs.

“It's about a 6% global adoption in terms of the world's population, which puts it around 1998 for Web 1, to give you an idea of the growth potential.” “Bitcoin is the big Kahuna. We also like Solana, fully disclosed. We have smaller positions like Avalanche, and we're looking at some other tokens.” Despite the challenges, Scaramucci's firm, SkyBridge, is still interested in the crypto space, viewing regulatory scrutiny and legal challenges as steps towards a more mature and stable market.

Source: Digital Coin News (digitalcoinnews.net)

 

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Founder of SkyBridge Capital Expects Bitcoin Price to Reach $170,000 in This CycleLegendary investor Anthony Scaramucci believes that the upcoming halving event is not yet priced into the Bitcoin market. He expects the BTC price to reach $170,000 in this cycle, which is a tenfold increase from the current level. However, he notes that this movement will not happen in the short term.
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