Bitcoin To $200K After Halving? SkyBridge's Scaramucci Believes The Crypto Will Eclipse Gold Market Cap
Portfolio Pulse from Adam Eckert
Anthony Scaramucci of SkyBridge Capital predicts Bitcoin (BTC) could reach $200,000 per coin post-halving, citing historical rallies and increased adoption. He suggests a minimal downside risk of 10-15% due to geopolitical uncertainties but sees significant upside potential, especially with the recent approval of Bitcoin ETFs and new market entrants. Scaramucci believes Bitcoin could eventually surpass the market cap of gold, emphasizing its potential for long-term holders.
April 18, 2024 | 6:17 pm
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Anthony Scaramucci predicts Bitcoin could reach $200,000 post-halving, with a short-term downside risk of 10-15% but significant long-term upside, potentially surpassing gold's market cap.
Scaramucci's prediction is based on historical performance post-halving events, recent ETF approvals, and increasing market adoption. The potential for Bitcoin to surpass gold's market cap is speculative but grounded in the growing acceptance and regulatory environment for cryptocurrencies. The short-term downside risk is acknowledged due to geopolitical uncertainties, but the long-term outlook remains highly positive.
CONFIDENCE 75
IMPORTANCE 100
RELEVANCE 100