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A senior executive at a New York-based global investment firm made a bold claim Bitcoin The six-figure price breakout will happen very soon.
In the next two years, BTC will be trading at $176,000, said Anthony Scaramucci, founder of SkyBridge Capital, joining other cryptocurrency investors who believe the oldest cryptocurrency is ready for a six-figure price per coin.
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Bitcoin triples
Scaramucci praised Alpha Crypto Assets for continuing to rise in price in just a short period, adding that she sees the digital asset rising even further in the next two years.
Scaramucci’s statement came at the right time as BTC today regained its momentum and once again reached the $70,000 level after the cryptocurrency spooked many investors as the digital asset fell to $68,000 yesterday.
According to Scaramucci, he has Ambitious prediction on Bitcoin, saying that by mid-2026, the cryptocurrency will trade at $176,000. In previous days, several prominent crypto figures shared the same vision with Scaramucci about Bitcoin possibly reaching the six-figure mark. Someone even predicted a price of $220,000.
SkyBridge’s Scaramucci says US will solve debt crisis, Bitcoin will triple by 2026 https://t.co/aKYDI6vW2N pic.twitter.com/1BQCdomKHy
– Reuters (@Reuters) October 30, 2024
The SkyBridge founder explained that the cryptocurrency could see its price triple in 18 to 20 months, saying that the rise is very reasonable as there is increasing demand for the coin, but the supply is constant and is the right ingredients for the coin. Exponential price rise.
Kamala Harris supporter
Scaramucci is among the few well-known cryptocurrency investors who have declared their support for the presidential candidacy of current US Vice President Kamala Harris.
Scaramucci revealed in previous interviews that Harris would be the same Bitcoin endorsement Once she was elected to the White House.
Managing Partner SkyBridge is working closely with the Vice President’s camp to craft policies that will allow cryptocurrencies to flourish under her management.
He added that there has been a development in Harris’ cryptocurrency agenda which he plans to reveal soon.
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BTC-Gold connection
In a separate interview, Scaramucci supported the connection between gold and Bitcoin, saying that Bitcoin is comparable to gold as an asset.
The founder of SkyBridge described the first virtual currency as the digital gold of the cryptocurrency world. He noted that other prominent financial experts, including BlackRock CEO Larry Fink, also believe in comparing Bitcoin with gold, and expect Bitcoin to reach half the market value of gold.
He suggested that it would take Bitcoin about 10 years to achieve such a feat which would greatly benefit investors as they would receive a tenfold return on their investment in Bitcoin.
At the time of writing, gold is trading at $2,754 per ounce, a new all-time high, and has a market cap of $18.494 trillion.
Featured image from DALL-E, chart from TradingView
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