Anthony Scaramucci predicted Ethereum at $12,000.
The price of Ethereum could reach $10,000–12,000, says CEO and founder of SkyBridge Capital Anthony Scaramucci.
On air on the Unchained podcast, the entrepreneur assumed the value for Bitcoin to be $170,000-250,000.
According to Scaramucci, the deciding factor will be the adoption of the first cryptocurrency as an asset class by institutional players.
🔹️“This will be an investment consultant or a pension fund. But someone, in order to keep their job, will seek advice on investing money,” said the head of SkyBridge Capital.
Contrary to the opinion of representatives of the crypto community, he assumed Joe Biden's victory in the upcoming US elections. However, this will not prevent Bitcoin from reaching new historical highs, Scaramucci believes.
The entrepreneur sees the institutional acceptance of cryptocurrency as the main driver. According to him, the share of digital gold in the portfolios of major players will soon be 3%
🔹️ “And when this happens, there will be a huge demand for Bitcoin,” Scaramucci believes.
As an example of the trend, he cited the Wisconsin Investment Board's investment in the first cryptocurrency through an ETF amounting to more than $160 million. Scaramucci called the approval of spot Bitcoin exchange-traded funds an important overcoming of regulatory barriers to attracting new capital.
Let us remind you that, according to the entrepreneur, the first cryptocurrency will become a store of value by the end of 2026.