Overview:
Anthony Scaramucci, founder and managing partner of Skybridge Capital, predicts that Bitcoin’s value will soar to at least $170,000 following the cryptocurrency’s halving event in April, which reduces the number of new bitcoins entering circulation.
Main Points:
- Scaramucci bases his prediction on historical Bitcoin halving cycles, suggesting a fourfold increase in value 18 months post-halving.
- He anticipates Bitcoin could reach half the market capitalization of gold, potentially raising its value to about $400,000 per coin.
- Scaramucci was the first external investor in BlackRock’s spot bitcoin exchange-traded fund (ETF), and he commends BlackRock CEO Larry Fink for changing his stance on Bitcoin after initial skepticism.
Additional Information:
In the podcast with Scott Melker, Scaramucci elaborated on his predictions, using conservative estimates of Bitcoin’s value at the time of halving to forecast its future price.
He also highlighted Larry Fink’s transformation from a Bitcoin skeptic to a supporter, emphasizing the importance of leaders who are willing to revise their views based on new information.
This change in perspective from influential figures like Fink, combined with the historical trends of Bitcoin’s performance post-halving, forms the basis of Scaramucci’s optimistic outlook for Bitcoin’s future value.
