Anthony Scaramucci, founder of SkyBridge Capital, has made bullish predictions about bitcoin's potential trajectory, suggesting a “conservative” rise of more than 300% in the coming months, with a possible peak of $170,000 after the halving in April, according to data historical. . Scaramucci also foresees a long-term scenario in which btc could reach $400,000 and potentially close to half the market cap of gold, which would represent a 10x increase.
Despite recent fluctuations, the resilience and long-term potential of major cryptocurrencies continues to attract investors and enthusiasts. Other experts, such as ARK Invest CEO Cathie Wood, have also made bullish predictions, with some predicting its price to reach $1.5 million by 2030 in a bullish scenario.
bitcoin will rise after the halving, says Scaramucci
Based on his experience and analysis, Scaramucci estimated that bitcoin's peak period would occur approximately 18 months after the halving event. He predicted that bitcoin could witness a “cycle peak” that is four times larger than its halving price.
Using a conservative estimate of $35,000 at the halving, Scaramucci outlined potential scenarios: If bitcoin hits $50,000 in April, it could reach $200,000, and at $60,000, it could skyrocket to $240,000.
Scaramucci's positive predictions reflect his confidence in bitcoin's long-term potential. He even sees the digital asset approaching half of gold's market capitalization, which currently stands at $14.5 trillion. If btc were to reach $7 or $8 trillion, Scaramucci believes this would represent a notable tenfold increase.
When addressing the timing of bitcoin's potential new all-time high, Scaramucci acted cautiously and refrained from providing a specific timeline. He stressed the importance of conducting thorough research and carefully considering the inherent risks before making investment decisions in the cryptocurrency market.
BTCUSD currently trading at $42,063 on the daily chart: TradingView.com
The recent approval of several bitcoin spot ETFs by the US Securities and Exchange Commission (SEC) has also underlined the growing popularity and acceptance of btc. Investors are closely monitoring interest around the eleven approved ETFs, with offerings from BlackRock, Fidelity and several crypto-native companies contributing to rapid trading volumes and market enthusiasm.
btc surpasses the $42 level
At the time of writing, bitcoin was trading at $42,540, demonstrating resilience amid market fluctuations. This, along with its long-term growth potential, continues to attract investors and enthusiasts alike.
Despite market fluctuations, many cryptocurrency investors remain optimistic about the prospects of the leading coin. Price predictions for this year range from over $100,000 to as high as $250,000, with btc recently surpassing $49,000 following the approval of spot ETFs to trade on US exchanges.
As the future of bitcoin remains uncertain, the market is eagerly awaiting the outcome of the halving event and closely monitoring the impact of bitcoin ETFs on the digital asset's price and market dynamics.
Featured image from Getty Images, chart from TradingView
