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Anthony Scaramucci Suggests Bitcoin Could Hit $300,000

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Fri, 12/08/2022 - 14:50
Anthony Scaramucci Suggests Bitcoin Could Hit $300,000
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During his recent appearance on CNBC, American investor Anthony Scaramucci suggested that the price of Bitcoin could eventually skyrocket as high as $300,000.

At this point, it wouldn't matter whether one bought the cryptocurrency at $20,000 or $60,000, according to Scaramucci.

Scaramucci believes that the flagship cryptocurrency will be able to reach the uber-bullish price target within the next six years.

It is worth noting that the investor's price calls should be taken with a grain of salt given that he predicted that Bitcoin would hit $100,000 by the end of 2021 due to growing demand from financial institutions.

Now that BlackRock has pushed deeper into crypto with a new trust that lets investors gain direct Bitcoin exposure, Scaramucci feels somehow vindicated.

One of SkyBridge Capital's funds was forced to suspend redemptions earlier this year after the firm took a hit due to declining cryptocurrency prices.

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In late July, Scaramucci admitted that placing a big bet on Bitcoin was a mistake in the short term. However, the investor remains bullish on the largest cryptocurrency in the long term.

Scaramucci recently opined that the U.S. Federal Reserve could adopt a less aggressive rate hike policy by the end of the year, which would help push Bitcoin higher.

The former White House advisor has repeatedly compared buying Bitcoin to buying shares of Amazon during the dot-com bubble in the late 1990s.

In May, Scaramucci revealed that he took a large position in Algorand (ALGO). During the interview, Scaramucci said that his firm also likes Solana.

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