Will Bitcoin Reach $176K? Scaramucci presents his high stakes prediction

A high govt at a New York-based world funding agency has made the daring declare Bitcoin breaking the six-figure value will occur very quickly.

SkyBridge Capital founder Anthony Scaramucci mentioned BTC will commerce at $176,000 within the subsequent two years, becoming a member of different crypto traders who believed the oldest cryptocurrency is ripe for a six-figure value per coin.

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Bitcoin goes threefold

Scaramucci praised the alpha crypto asset for sustaining a value improve in only a quick time frame, including that the digital asset will proceed to rise over the following two years.

Scaramucci’s assertion got here on the proper time as BTC regained its momentum in the present day, reaching the $70,000 stage once more after the crypto scared many traders when the digital asset fell additional to $68,000 yesterday.

Based on Scaramucci, he has one ambitious forecast about Bitcoin and says the cryptocurrency will commerce at $176,000 by mid-2026. Within the earlier days, a number of notable crypto personalities shared the identical views with Scaramucci on the chance of BTC reaching the six-figure mark. One even predicted a value of $220,000.

SkyBridge’s Scaramucci Says US Will Resolve Debt Disaster and Bitcoin Will Triple by 2026 https://t.co/aKYDI6vW2N pic.twitter.com/1BQCdomKHy

— Reuters (@Reuters) October 30, 2024

The founding father of SkyBridge defined that the worth of the cryptocurrency might expertise a threefold improve in value in 18 to twenty months, saying that the rally could be very believable as a result of there’s a rising demand for the coin, however the provide is fastened , that are the proper substances for an exponential value improve.

A Kamala Harris supporter

Scaramucci is among the few well-known crypto traders who’ve expressed help for the presidential candidacy of present US Vice President Kamala Harris.

Scaramucci introduced in earlier interviews that Harris could be Endorse Bitcoin as soon as she was elected to the White Home.

SkyBridge’s managing companion has labored carefully with the vp’s camp to develop insurance policies that guarantee cryptocurrency can thrive below her administration.

He added that there was improvement in Harris’ crypto agenda, which he plans to disclose quickly.

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BTC-Gold connection

In a separate interview, Scaramucci supported the connection between gold and Bitcoin, saying that BTC is corresponding to gold as an asset.

SkyBridge’s founder described the firstborn digital foreign money because the digital gold of the cryptocurrency world. He famous that different main monetary specialists, together with BlackRock CEO Larry Fink, additionally imagine within the Bitcoin-gold comparability, predicting that BTC would attain half the market cap of gold.

He instructed that it might take Bitcoin round 10 years to achieve such a milestone, which might drastically profit traders as they’d get a tenfold return on their BTC investments.

As of this writing, gold is buying and selling at $2,754 per ounce, a brand new all-time excessive, and has a market capitalization of $18.494 trillion.

Featured picture of DALL-E, chart from TradingView