Saying that the Worst Is Over in the Bear Market, Famous CEO Announced His Bitcoin Target!

Bitcoin (BTC) especially to cryptocurrencies Anthony Scaramucci, founder and CEO of SkyBridge Capital, known for his support BTC talked about.

Participating in CNBC’s Squawk Box program, Scaramucci evaluated the inflation figures announced in the USA recently and its effect on cryptocurrencies.

The famous CEO, who thinks that the inflation, which came below the expectation, has reduced the pressure on cryptocurrencies, said that he expects much more vitality in the crypto money market in the future.

“The development of the Lightning network, the increase in applications and the ease of transactions on Bitcoin will enable much more commercial activity in the industry.”

Ethereum (ETH) Talking about the Merge upgrade, which envisages switching from PoW to PoS in his network, Scaramucci warned investors.

“Many traders are getting this rumor, but they will probably sell their holdings with the merger, which will take place in mid-September.

These are big long-term investments. In the next six years, if we’re right and Bitcoin goes to $300,000, it won’t matter whether you bought it for $20,000 or $60,000.”

“The improvement of the lightning network, the increase in applications and ease of transactions on #Bitcoinyou’re going to see a lot more commercial activity there,” says @scaramucci. “If $BTC goes to $300K a coin, it will not matter whether you bought it at $20K or $60K.” pic.twitter.com/MSlyFRLm06

— Squawk Box (@SquawkCNBC) August 12, 2022

As it will be remembered, Scaramucci said that he believes that the worst of the bear market in cryptocurrencies has passed. bitcoinHe stated that he had already seen the bottom.