SkyBridge Capital founder Anthony Scaramucci predicted in a recent Wall Street Journal interview that Bitcoin’s price could rise to $200,000 by 2025.
Scaramucci noted that Bitcoin could still double in price despite its huge market cap, thanks to a “wave” created by crypto-friendly policies in the US.
“$200,000 is not far off”
Scaramucci has joked that his colleagues have accused him of being “too bearish,” emphasizing Bitcoin’s bullish potential. He also told Bitcoin investors in October that those who thought they had missed the price action were still “in the very early stages.”
Bitcoin's potential as a store of value
In another statement he made this year, the American financier predicted that Bitcoin could become a store of value by 2026.
Speaking at the Evident AI Symposium in New York, Scaramucci argued that Bitcoin prices have long been under pressure due to the SEC’s anti-crypto policies. Stating that the Bitcoin price should actually be at January 2022 levels, Scaramucci emphasized that the SEC’s delay in spot Bitcoin ETF approvals has negatively affected the market.
Criticism of Gary Gensler
Criticizing SEC Chairman Gary Gensler, Scaramucci said Gensler was “arbitrary and inconsistent” in his application of the law:
“Gensler has hurt the crypto industry, pushed prices down and delayed where we are,” Scaramucci said. Scaramucci reminded that the SEC was slow to approve spot Bitcoin ETFs but eventually approved them in 2023.
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Layer-1 blockchain from two major chat apps in Asia
Launched as the world's fastest EVM blockchain with 1-second finality, ultra-low gas fees, and support from leading Asian web3 partners like Kakao and LINE NEXT
Kaia was created in April as a result of the merger of Kakao’s Klaytn and LINE’s Finschia.
LINE is a leading chat app in Japan, Taiwan and Thailand, while Kakao dominates a messaging app used by 96% of South Koreans. According to the press release, the two apps have a combined total of more than 250 million users.
Through its close interaction with messaging apps Kakao and LINE, Layer-1 blockchain aims to solve Web3’s user experience and distribution issues. Ultimately, it aims to create an ecosystem that supports DeFi, gaming, real-world assets, and web-based chatbots.
Through its NEXT WEB software development kit (SDK), Kaia aims to enable developers to create small dApps (distributed applications) on LINE Messenger, thus enabling “Telegram-style native app integration.”
“By leveraging Kaia’s low TX latency, account abstraction, and fee delegation capabilities, developers can create a seamless user experience from start to finish while expanding their reach to hundreds of millions of LINE users,”
Alongside the mainnet launch, a developer support program called Kaia Wave was also announced. Using the NEXT WEB SDK, eligible teams will receive marketing, technology, and business support worth $1.2 million per team. Future token production events and liquidity support are also among the other benefits.
Here is the latest information about Kaia (KAIA) coin:
- Current Price: Kaia's price today is approximately $0.2731 USD. The 24-hour volume is $100,768,060 USD and the price is down 6.06% in the last 24 hours.
- Market Cap: Kaia has a market cap of $1,633,881,045 USD and is ranked#77on CoinMarketCap.
- Circulating Supply: Kaia's circulating supply is 5,895,079,875 KAIA.
- Trading on Exchanges: KAIA tokens are traded on various centralized exchanges. Among the most popular exchanges is Binance. Especially on Binance, the KAIA/USDT pair is quite active, recording a trading volume of $42,386,484.88 in the last 24 hours.
- Finschia and Klaytn Merger: Kaia was formed by the merger of Finschia and Klaytn. It is stated that the total supply will increase after this merger.
- Community and Market Situation: The community has a generally positive outlook on Kaia's future. However, investors should be careful given price fluctuations and market conditions.
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