Scaramucci expects Bitcoin to reach $170k, moving 4x ‘within 18 months of halving’

Bitcoin’s meteoric rise shows no signs of slowing down, according to SkyBridge Capital founder Anthony Scaramucci. In a recent interview with CNBC, the former White House Communications Director boldly predicts that the popular cryptocurrency will soar to a staggering $170,000 within the next 18 months.
Scaramucci‘s enthusiasm for Bitcoin is backed by some impressive numbers. He highlights that Bitcoin ETFs have already raked in a whopping $10 billion in just three short months, a milestone that took Gold ETFs an entire year to reach. This remarkable achievement only further solidifies Bitcoin’s position as a top contender in the ever-evolving financial market.

Amidst the tumultuous financial landscape of 2020, the USD has taken a major hit, plummeting by a staggering 22%. Meanwhile, the enigmatic figure of Scaramucci points to the remarkable rise of Bitcoin, which has skyrocketed by over 800%. But it hasn’t been a smooth ride for the top cryptocurrency – its journey has been marked by wild fluctuations. Yet, for those with unwavering faith in BTC, the rewards have been bountiful. Scaramucci, a shrewd observer of the market, believes that Bitcoin is not merely a temporary fix for inflation, but a long-term investment with immense potential.

“Bitcoin is a cyclical product, It goes through pulls and drags. Typically, it moves 4x within 18 months of the halving. But let’s be a bit conservative on the price, it’s still $170,000 for this cycle.”

– Anthony Scaramucci, Founder of SkyBridge Capital

The world of finance was abuzz as Scaramucci delved into the controversial case of Sam Bankman-Fried. The young and ambitious entrepreneur had made headlines with his FTX venture capital unit’s acquisition of a significant stake in SkyBridge. But just two months later, FTX was facing bankruptcy.

As Scaramucci shared his thoughts, a sense of melancholy hung in the air. He couldn’t help but feel for Bankman-Fried, a bright mind with so much potential, now facing the consequences of his actions and struggling with his mental state. And yet, Scaramucci couldn’t help but question the leniency of the 25-year sentence.
But perhaps the most intriguing aspect was Scaramucci’s revelation that Bankman-Fried could have avoided this fate if he had pleaded guilty before the trial. The room fell silent as everyone pondered the implications of this statement

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““He hurt my business, my reputation and lied to a lot of people. But when you really look at him clinically, he looks like a very damaged guy. Also, People will get their money back, but it has been dollarized. Bitcoin’s value has increased a lot since then, so people are upset about it as well.”

– Anthony Scaramucci, Founder of SkyBridge Capital

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