Will the popular cryptocurrency Bitcoin outperform other investments in 2024? That's what Anthony Scaramucci, a somewhat maverick American financial expert, thinks.
The head of SkyBridge Capital, an asset management company, recently shared an interview with Bitcoin fan Anthony Pompliano on CNBC on the X social media platform.
Scaramucci emphasized Pompliano's prediction for the price of Bitcoin in 2024. Pompliano said that Bitcoin is particularly sensitive to global capital flows, and as long as there is cheap money flowing into the market, Bitcoin is often the biggest beneficiary. He used an analogy to say that now is like a major policy change, and everyone is tightening their purse strings, but there may be a reversal in the future.
Pompliano also admitted that the reasons for the rise and fall of Bitcoin prices are complicated and difficult to explain. But he mentioned an interesting point, that is, more than half of Bitcoins are held by people for a long time, for more than a year. He believes that this is definitely a positive sign.
According to U.Today, Scaramucci recently predicted that if the Federal Reserve cuts interest rates, Bitcoin prices may rise accordingly. He also mentioned that if the government can clarify the regulatory policy of cryptocurrency, it will also be a good opportunity for Bitcoin to rise. The financial tycoon even boldly predicted that the price of Bitcoin may reach $100,000 this year.
In addition, Scaramucci has previously said that by 2026, Bitcoin may become a popular way to store value, just like gold.
