Anthony Scaramucci, founder of Skybridge Capital and one of the leading names in the crypto investment field, shared his views on the future course of Bitcoin in a recent television program and suggested that it is ready to exceed its all-time high.
Scaramucci's comments came during a discussion regarding the potential impact of Bitcoin ETF approval on the cryptocurrency market. Touching on the recent volatility and difficulties encountered in the crypto field, Scaramucci stated that those who did not examine BTC closely were surprised by the rapid rise of the asset.
Stating that he has been involved in Bitcoin since 2020, Scaramucci pointed out the 14 to 15-year development of the market and emphasized that a broader perspective can provide better information about the performance of BTC.
Scaramucci said he remains optimistic about BTC's future, although he acknowledged that previous predictions fell short, including the expectation that Bitcoin would reach $100,000 by the end of 2022.
When asked about the possibility of Bitcoin reaching an all-time high, Scaramucci cautiously expressed confidence but refrained from giving a specific timeline, citing potential market dynamics such as “buy the rumor, sell the news” that influence short-term trends.
Addressing the overall cryptocurrency market, Scaramucci explained that approximately one-third of Skybridge's business is in cryptocurrencies, with significant holdings in Bitcoin, Ethereum, and other tokens such as Solana, Vulcan Forge, and Algorand. However, he underlined Bitcoin's dominance in his portfolios, calling BTC the “big boss” among his investments.
*This is not investment advice.