Experienced hedge fund expert and CEO of SkyBridge Capital, Anthony Scaramucci, said: Bitcoin He predicts that (BTC) will reach a six-figure price in 2024.
In a new interview with CNBC, Scaramucci says that based on historical precedent, pioneering crypto- He says the asset could rise by nearly 300% after the halving event planned for April, in which miners’ rewards will be halved.
“If you look at the last 14 years, it usually quadrupled after the halving. BTC is currently trading at $57,000.
I’m not sure where it will be on or about April 20 when the halving occurs, but let’s say it’s at $50,000. This would mean a Bitcoin price of $200,000 18 months after the halving.”
Koinfinans.com As we reported, Bitcoin is trading at $61,304 at the time of writing this news. It has gained 8.4% in the last 24 hours and over 40% since early February.
Scaramucci says the following about the reason behind Bitcoin’s ongoing price increase,
“The primary reason prices are going up is because there isn’t a lot of supply in the market, and yet you’re seeing these spot Bitcoin exchange-traded funds (ETFs) coming into the market at 12 to 14 times what the network is producing every day.
That’s why you’re seeing this price squeeze and of course there are people who don’t believe in BTC and are shorting Bitcoin and that’s why it’s at a loss right now. “I think that combination is why you’re seeing such a big increase in prices.”
