While Bitcoin rose above $ 59,000 in the morning hours, SkyBridge Capital founder and CEO Anthony Scaramucci predicted that BTC would reach $ 100 thousand by the end of the year.
My $170K Prediction is Valid!
Speaking to CNBC, Scaramucci told Bitcoin's current decline that Mt. He said that this was due to temporary factors such as Gox's repayments to creditors and the German government selling its BTCs.
Stating that the upward support for the Bitcoin price will soon come from FTX, the famous CEO added that FTX creditors' recovery of their funds may provide support to the BTC price.
Because FTX creditors will receive their funds in cash, not in kind, as in Mt.Gox. It is thought that cash will also come to the market to make purchases.
Stating that he stands by the $ 170,000 BTC prediction, Scaramucci said:
“I think Bitcoin has solid fundamentals in the long run.
And as I said, I think it will be $170,000 after the halving, but I think you can get to $100,000 by the end of the year, but BTC has to go through this onerous process right now before it can go up.
FTX will soon give out approximately $16 billion in cash to investors who have accounts with FTX. And that's very good news for Bitcoin.”
He Criticized Biden!
Scaramucci, who supported Joe Biden in the US elections, criticized the Biden government's cryptocurrency approach.
Underlining Bitcoin's potential to be a long-term asset, Scaramucci said: He pointed out that it is also very popular among Americans and said:
“The Democratic Party's reluctance to embrace cryptocurrencies, especially when compared to the Republican Party's position, could be a huge mistake in terms of voter support in the November presidential election in the United States.
*This is not investment advice.