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Anthony Scaramucci: $100K per BTC by year-end remains to be inside attain

08/31/2021

Exponential month-to-month development in demand ought to propel Bitcoin to $100,000 by the top of 2021, in line with the CEO of SkyBridge Capital, Anthony Scaramucci.

Anthony Scaramucci, CEO and founding father of SkyBridge Capital, thinks Bitcoin (BTC) can attain $100,000 earlier than the top of the yr, primarily as a result of exponential development in demand each month. 

“The underside line is you’ve the restricted and glued provide of Bitcoin and you’ve got each month exponentially extra demand,” Scaramucci instructed Cointelegraph in an unique interview. “So long as I see that, I see these costs rising. So, we’re going to stay with the $100,000 worth goal,” he defined.

As soon as a Bitcoin skeptic, Scaramucci launched SkyBridge Capital’s first BTC fund final yr with a $25 million greenback funding. Since then, the agency has been steadily accumulating the digital gold.

“We now have most likely $650 to $700 million {dollars} value of Bitcoin throughout our product portfolio,” stated Scaramucci.

Scaramucci is a long-term believer in Bitcoin, and he’s satisfied that the primary cryptocurrency is rising quicker than tech giants like Google, Fb and Amazon. Thi is why he believes Bitcoin will attain 1 billion customers by 2025.

“It is a expertise and a product of the long run, and the long run goes to come back extra rapidly than folks count on.”

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