LATEST: Anthony Scaramucci Believes Bitcoin Will Surge to $700,000 Soon

Anthony Scaramucci of SkyBridge Capital remains bullish on Bitcoin, predicting it could match gold with a potential surge to nearly $700,000. In a recent interview, he highlighted Bitcoin’s unique technical properties and growing acceptance as key drivers for its future value, which could reach a market cap of $15 trillion over the next 15 years.

With Bitcoin’s current U.S. adoption rate at about 5%, Scaramucci believes continuous growth at this pace could exponentially increase its value. He equated Bitcoin’s potential market growth to gold, stating if gold is valued at $16 trillion, Bitcoin’s rise to a comparable market cap is plausible.

The investor emphasized Bitcoin’s qualities as a digital store of value, mirroring traditional assets like gold. Its scarcity, decentralized nature, and reliable value transfer underpin its long-term potential, with an immediate projection of $170,000 by 2025.

Interview

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