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Anthony Scaramucci predicts a possible increase in the value of Bitcoin
According to U.Today, famous investor Anthony Scaramucci recently shared his view on the future price of Bitcoin regarding the halving event that took place last Friday. During a recent appearance on Wealthion, Scaramucci, a long-time cryptocurrency advocate, emphasized the huge demand for Bitcoin. This demand is largely due to investors buying ETFs such as BlackRock and Kathy Wood funds, while the network produces only 450 coins per day.
Scaramucci noted that this demand often leads to higher prices. However, after the halving event, prices usually decline. He explained that this is because many short-term Bitcoin holders sell after making profits, while new investors enter the market. Scaramucci emphasized his personal strategy of holding Bitcoin for the long term, regardless of price fluctuations. He cited Bitcoin's strong performance over the past 14 years as evidence of its value$BTC