Skybridge Capital founder Anthony Scaramucci is making it clear that it’s not too late to invest in bitcoin, even as the cryptocurrency’s price surpasses $50,000. In fact, he believes now is still a good time to buy BTC, emphasizing that the current price point does not indicate a missed opportunity for investors.
In a recent statement, Scaramucci pointed to three key factors that he anticipates will propel the price of bitcoin higher. These include falling interest rates, which make assets like bitcoin more appealing, the increasing demand for spot bitcoin exchange-traded funds (ETFs) bringing in significant new capital, and the upcoming Bitcoin halving event in approximately two months.
Backing up his bullish stance, Scaramucci expressed his belief that a “face-ripping rally” for bitcoin is imminent. He has also made a bold prediction, stating that if bitcoin remains at its current levels until the halving in April, he expects the cryptocurrency to soar above $170,000 by mid-to-late 2025.
Scaramucci also discussed the approval of spot bitcoin ETFs by the U.S. Securities and Exchange Commission (SEC) and the expected influx of capital from Wall Street into these funds. Additionally, he highlighted the exponential growth of wallets and global adoption of bitcoin as contributing factors that will drive BTC prices higher through 2024.
Ultimately, Anthony Scaramucci views bitcoin investing as a long-term strategy, advising investors to adopt a “buy and hold” approach with the cryptocurrency. As the crypto market continues to evolve, his insights provide valuable guidance for those considering entering the crypto space or expanding their existing portfolios.
