Anthony Scaramucci, CEO and founding father of SkyBridge Capital, thinks Bitcoin (BTC) can attain $100,000 earlier than the tip of the 12 months, primarily as a result of exponential progress in demand each month.
“The underside line is you will have the restricted and stuck provide of Bitcoin and you’ve got each month exponentially extra demand,” Scaramucci advised Cointelegraph in an unique interview. “So long as I see that, I see these costs rising. So, we’re going to stay with the $100,000 worth goal,” he defined.
As soon as a Bitcoin skeptic, Scaramucci launched SkyBridge Capital’s first BTC fund final 12 months with a $25 million greenback funding. Since then, the agency has been steadily accumulating the digital gold.
“We now have in all probability $650 to $700 million {dollars} price of Bitcoin throughout our product portfolio,” stated Scaramucci.
Scaramucci is a long-term believer in Bitcoin, and he’s satisfied that the principle cryptocurrency is rising quicker than tech giants like Google, Fb and Amazon. Thi is why he believes Bitcoin will attain 1 billion customers by 2025.
“This can be a know-how and a product of the long run, and the long run goes to come back extra shortly than folks count on.”
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