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Cryptocurrency News Articles

Anthony Scaramucci Predicts Bitcoin Will Hit $176,000 by Mid-2026, Citing Its Ability to Surge Extensively in the Short Term

Nov 01, 2024 at 11:00 pm

Long-standing crypto bull Anthony Scaramucci has set a lofty target for Bitcoin, the largest crypto asset by market cap.

Anthony Scaramucci Predicts Bitcoin Will Hit $176,000 by Mid-2026, Citing Its Ability to Surge Extensively in the Short Term

Anthony Scaramucci, founder of SkyBridge Capital, has placed an ambitious Bitcoin call, noting the asset will trade at $176,000 within the next two years.

This comes as the crypto market continues to witness turbulence, with Bitcoin’s price fluctuating significantly over the past few weeks. However, Scaramucci remains bullish on the asset, asserting that it will continue to rally in the coming years.

In a Wednesday interview, the SkyBridge managing partner stated that the premier crypto asset will trade at $176,000 by mid-2026. He highlighted Bitcoin’s ability to surge extensively in the short term, making this a possibility for the asset.

Scaramucci pointed out that Bitcoin could rally threefold in 18–20 months, adding that its fixed supply and growing demand make this a possibility for the asset.

The Wall Street businessman, who has endorsed Kamala Harris, again praised the crypto firstborn, citing its ability to surge extensively in the short term. He noted that Bitcoin could rally threefold in 18–20 months, arguing that its fixed supply and growing demand make this a possibility for the asset.

Scaramucci Talks up Bitcoin-Gold Comparison

In another interview on the same day, Scaramucci discussed the Bitcoin-gold comparison, stating that the leading cryptocurrency was digital gold. He argued that other notable financial gurus, like BlackRock’s CEO Larry Fink, share his theory, stating that he expects Bitcoin to reach half of gold’s market cap.

Scaramucci expects Bitcoin to achieve the feat in ten years, driving a tenfold return for the pioneering crypto asset. Gold currently trades at a new high of $2,754 per ounce with a market cap of $18.494 trillion.

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Moreover, this is not the first time Scaramucci is tipping Bitcoin to match gold’s cap. In an earlier report, the SkyBridge Capital founder asserted that Bitcoin would eventually reach and maybe surpass gold’s market cap.

We Are Still Early

In a recent tweet, Scaramucci stated that acquiring Bitcoin at the current market price was still very early. He noted that thinking one has “missed the boat” following Bitcoin’s recent surge is false.

Scaramucci encouraged his audience to acquire Bitcoin while it was still discounted, read its wallpaper, and follow people like Michael Saylor and Eric Voorhees.

Meanwhile, Bitcoin has reclaimed $71,000 after a scare yesterday, which saw it drop to $68,000. The premier asset is up less than 1% in the past 24 hours and 4.37% over the last week.

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

News source:thecryptobasic.com

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Other articles published on Nov 02, 2024