NEW: SkyBridge’s Scaramucci Claims Bitcoin Adoption Is Still in Early Stages

SkyBridge Capital’s Anthony Scaramucci shared his bullish outlook for Bitcoin on CNBC’s “Squawk Box,” predicting the cryptocurrency could soar to $200,000 following the imminent halving event. The halving, which reduces the reward for Bitcoin mining by half, has historically spurred significant price increases. Scaramucci highlighted the current market enthusiasm, bolstered by new Bitcoin ETFs and a surge in market entrants, suggesting a minimal downside risk of 10-15% against a considerably higher potential upside.

Scaramucci also emphasized Bitcoin’s robust growth potential, noting its young age in terms of adoption and predicting it could eventually match the market cap of gold, valued at approximately $16 trillion. With the regulatory environment evolving to accommodate cryptocurrencies more fully, he suggested that even a modest allocation of 1% in global portfolios could dramatically escalate Bitcoin’s valuation. According to him, holding Bitcoin for extended periods historically guarantees positive returns, reinforcing its viability as a long-term investment.


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