Scaramucci predicted Bitcoin's growth to $170 thousand by the end of 2025
The founder of the SkyBridge Capital hedge fund, Anthony Scaramucci, said that the Bitcoin rate could exceed $170 thousand in 2025, writes Reuters. According to the businessman, the price of the first cryptocurrency will increase due to demand for new spot exchange-traded funds (ETFs) and the upcoming halving in April (halving the reward of Bitcoin miners).
âIf Bitcoin is worth $45,000 at the time of the halving, then by mid-to-late 2025 it will be worth $170,000. Whatever the price (of Bitcoin) was on the day of the halving in April, multiply it by four, and it will reach that figure in the next 18 months,â the SkyBridge founder said in Davos ahead of the World Economic Forum.
On January 11, the price of Bitcoin reached a two-year high of around $49,000 after spot Bitcoin ETFs received approval in the United States. Then the rate of the first cryptocurrency dropped and consolidated at $42 thousand. At 13:00 Moscow time, BTC is trading around $42.8 thousand.
