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Anthony Scaramucci Predicts Bitcoin Surge Post-Halving

2024.01.30

 

Key Takeaways

  • Scaramucci anticipates Bitcoin to soar post-April halving, potentially reaching $170,000.
  • His long-term view suggests Bitcoin could attain half of gold’s market cap, approximating $400,000 per coin.

The Halving Forecast

Skybridge Capital’s Anthony Scaramucci has set an optimistic forecast for Bitcoin (BTC), projecting a significant surge in its value post the halving event in April. According to Scaramucci, historical patterns suggest a substantial increase in Bitcoin’s price approximately 18 months after each halving event. His calculations, based on a conservative estimate of Bitcoin’s value at the time of halving, indicate a potential rise to at least $170,000.

Long-Term Bitcoin Potential

In a broader perspective, Scaramucci envisions Bitcoin reaching a market capitalization akin to half of that of gold. This ambitious target would place the value of a single Bitcoin at around $400,000, highlighting the cryptocurrency’s potential as a major player in the global financial landscape. This long-term outlook aligns with growing interest and acceptance of Bitcoin in mainstream finance.

BlackRock’s Bitcoin ETF Involvement

Scaramucci reveals he was the early external investor in BlackRock’s spot bitcoin exchange-traded fund (ETF) before it was approved. BlackRock’s CEO Larry Fink, who previously expressed skepticism, now acknowledges the potential of Bitcoin, reflecting a significant shift in perception among traditional financial leaders.

The Impact of the Halving

Bitcoin’s halving events, which reduce the rate at which new coins are generated, have historically been catalysts for price increases. As the next halving approaches, investors and market analysts like Scaramucci are closely monitoring its potential impact on Bitcoin’s value and the broader cryptocurrency market.

 


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