cryptocurrency

Scaramucci: BTC will be $300,000 in 2028

Bitcoin hasn’t done very well lately, but Anthony Scaramucci – the former director of communications in Donald Trump’s White House and founder of Skybridge Capital – says the price Assets can reach a huge level $300,000 in six years.

Scaramucci thinks Bitcoin will grow exponentially

This is correct. Bitcoin could increase its price more than ten times by 2028. In a recent interview, Scaramucci commented:

In the next six years, if we’re right, if bitcoin goes to $300,000, it won’t matter if you bought it at $20,000 or $60,000. I’m just warning people. The future is upon us. It’s happening sooner than I thought.

Bitcoin reached a new high of $68,000 per unit last November, although the coin has since fallen deep into the lower $20,000 range, and the asset appears to be struggling to stay in that position. It’s a sad and ugly sight to see, but let’s face it. If bitcoin reaches the price Scaramucci says, $68,000 will seem rather small and meaningless by comparison.

Not long ago, Scaramucci started the so-called Skybridge Bitcoin Fund. Currently, it has over $300 million of various assets under its control, much of which is dedicated to both Bitcoin and Ethereum. However, the fund has recently added things like Solana and Algorand to the mix.

Commenting on the situation, Scaramucci said:

We believe [Algorand] It has award winning technology. You will see a lot of business there.

He also believes that with more institutional investors participating in the crypto space, the prices of many of the leading coins are likely to rise like never before. He indicated:

When these things happen, I want to remind people that there are only 21 million bitcoins out there, and you will have a demand shock with very little supply.

A lot of people are also preparing for the upcoming Ethereum consolidation event, which will see assets shift from a Proof of Work (PoW) module to a Proof of Stake. He commented that while the price of Ethereum may rise in the future, he expects it to fall in the short term. He said:

Many traders will probably buy this rumor. It is possible that they will sell news of the merger. I would warn people not to do that.

The Federal Reserve Is Making Bitcoin Drop

Susanna Streeter – senior investment and markets analyst at Hargreaves Lansdown – said the uncertainty surrounding the Federal Reserve is likely to drive prices lower for now. She said:

Weakness seeped into the cryptocurrency space as speculators retreated from riskier assets on expectations that higher interest rates will last longer after minutes from the US Federal Reserve signaling that policy makers were intent on staying firmly on the monetary tightening path.

Tags: Anthony Scaramucci, Bitcoin, Ethereum

#Scaramucci #BTC

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