SkyBridge CEO Predicts Bitcoin All-Time High Before 2024 Ends Following Spot ETF Approval
According to CryptoPotato, Anthony Scaramucci, the founder and CEO of alternative asset management firm SkyBridge Capital, has predicted that Bitcoin (BTC) will reach all-time high before the end of 2024. This prediction comes after the United States Securities and Exchange Commission (SEC) approved the launch of spot Bitcoin exchange-traded funds (ETFs). Scaramucci believes that BTC will likely break its all-time high by January 2025,
Bitcoin reached its current all-time high in November 2021 during the last bull market. However, the asset's price collapsed alongside the entire crypto market and several projects when the bear season took over in 2022. The cryptocurrency's price increased by 150% in 2023, riding on excitement about the spot Bitcoin ETF approval and other upcoming events like the fourth Bitcoin halving, which historically kickstarts bull seasons. Scaramucci stated that 2022 was 'very brutal' for SkyBridge, but 2023 became the best year after the company 'incrementally' bought BTC, Ether (ETH, and Solana (SOL).
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