Scaramucci Expects Bitcoin to Reach $170k, Moving
4x ‘within 18 Months of Halving’
SkyBridge Capital founder Anthony Scaramucci expects Bitcoin to reach at least $170,000 within the
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18-month post-halving cycle.
In the latest interview with CNBC, the former White House Communications Director expressed his optimism about the Bitcoin market.
Scaramucci pointed out that Bitcoin ETFs reached over $10 billion in cumulative inflow within just three months, a feat that took Gold ETFs a year to achieve.
The USD has lost nearly 22% of its value since January 2020, Scaramucci says, citing how Bitcoin increased over 800%. The top cryptocurrency suffered extreme volatility throughout this period. However, for long-term holders, BTC returned significant profits.
