Anthony Scaramucci has restated his $100,000 #bitcoin☀️ price projection but admits that the timeframe will be extended due to present factors.
SkyBridge Capital’s Anthony Scaramucci has reiterated a bullish Bitcoin (BTC) stance amid market conditions. The former White House Communications Director previously hinted at a price growth of the market leader to $100,000 by year-end. This year, Bitcoin and other cryptocurrencies significantly grew in Q1 before wider corrections.
Anthony Scaramucci Is Still Bullish
In a recent CNBC interview, Anthony Scaramucci noted that Bitcoin price was decimated in 2022 due to industry and macro factors and significantly rebounded this year. The turnaround spiked following the approval of spot Bitcoin ETFs by the United States Securities and Exchange Commission (SEC) adding that it’s the most successful ETF launch in history.
He noted that Bitcoin will eventually get to $100,000 the previous timing will be delayed due to regulatory uncertainty, low sentiments due to crypto scams, etc.
If you had said to me last year when Bitcoin was in the 30s that we’ll be in the 60s post halving, I think most people in the industry will be very happy… I got this wrong but I think it’s relative to timing as opposed to actual results. I do think Bitcoin gets to $100,000 it’s just taking longer with more regulatory hurdles and uncertainty, some fraud exposed as you both know, and over leverage in the system.”
Bitcoin ETFs remain instrumental to the upward growth of the asset Anthony Scaramucci pointing to increased traditional investors. The SEC’s approval gave the market added legitimacy after previous uncertainties. As a result, top institutions and firms have increased their asset exposure.
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