Former Trump Aide Anthony Scaramucci Believes Bitcoin Could Still Hit $100K: 'It's A Future Store Of Value'
Portfolio Pulse from Aniket Verma
Anthony Scaramucci, CEO of SkyBridge Capital, expressed optimism about Bitcoin's future, predicting it could reach $100,000. He highlighted the role of ETFs, particularly BlackRock's iShares Bitcoin Trust, in boosting Bitcoin's demand. Despite recent price declines, Scaramucci views Bitcoin as a future store of value.
August 23, 2024 | 2:07 am
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BlackRock's iShares Bitcoin Trust has been highlighted by Anthony Scaramucci as a major driver of Bitcoin's price action, accounting for 65% of its movement. This underscores the ETF's significant role in institutional adoption of Bitcoin.
Scaramucci's comments emphasize the importance of BlackRock's ETF in driving Bitcoin's price, suggesting increased institutional interest and potential positive impact on IBIT's performance.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80