Famous analyst targets Bitcoin: Is $100,000 possible?

The chairman of asset management firm SkyBridge Capital recently shared a CNBC interview with Anthony Pompliano, one of Bitcoin’s leading advocates, on X. Scaramucci drew attention to Pompliano’s quote in which he expressed his expectations for Bitcoin’s price performance for the rest of 2024.

Pompliano noted during his interview that Bitcoin tends to be the most sensitive asset when it comes to global liquidity. “I think Bitcoin is a big winner when we provide money to the system. And we feel like we’ve gone through a big regime change. Everyone was trying to pull liquidity out of the system. Now, we’re going to do the opposite,” he emphasized.

Scaramucci recently predicted that the Federal Reserve’s interest rate cuts could push Bitcoin’s price even higher. The famous financier also thinks the leading cryptocurrency could reach $100,000 this year. Scaramucci also stated earlier this year that Bitcoin could become a store of value by 2026.

Whether Bitcoin will reach $100,000 within the year is eagerly awaited. The crypto industry has been positively affected by the Fed's 50 basis point interest rate cut. However, the approaching US presidential election creates uncertainty. If Donald Trump is elected, cryptocurrencies may rise sharply. It is not yet known how the market will be affected if Kamala Harris is elected. Bullish signals will strengthen if $BTC settles above $70,000.

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