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SkyBridge Capital’s Anthony Scaramucci, a well-known hedge fund veteran, has made a bold prediction for Bitcoin, indicating a potential surge to a six-figure valuation in 2024. In a recent CNBC interview, Scaramucci highlighted Bitcoin’s historical performance, suggesting a 300% increase post its upcoming halving event this April. The event will reduce miners’ rewards, historically triggering significant price increases. Scaramucci’s forecast is based on Bitcoin’s past, where it has seen substantial gains following halving events, implying a possible rise to $200,000 within 18 months post-halving.
Currently, Bitcoin showcases a robust growth, trading at $62,512, marking an5.8% increase in the last 24 hours and over 40% since early February. Scaramucci attributes this growth to limited supply amidst rising demand, particularly from spot Bitcoin exchange-traded funds (ETFs), which are purchasing amounts far exceeding daily production. This demand-supply imbalance, coupled with the squeeze on those betting against Bitcoin, underlines the cryptocurrency’s significant appreciation. Scaramucci’s insights offer a promising outlook for Bitcoin, reinforcing its potential in the evolving digital economy.
