SkyBridge Capital founder Anthony Scaramucci identifies potential price targets for Bitcoin and Ethereum. He is also updating his outlook for an altcoin he expects to explode.
According to the famous fund manager, $100 thousand Bitcoin is not a dream!
In a new interview with Altcoin Daily, Anthony Scaramucci shared his predictions about the cryptocurrency market. Scaramucci is very hopeful about the future of the leading crypto Bitcoin. In this regard, he predicts that BTC will reach six figures within a year after the halving event. The famous fund manager shares the following prediction for the leading cryptocurrency:
I believe that 6 to 12 months after the halving cycle, there is no reason why Bitcoin cannot be at $100,000. If we take into account what I know about demand, what I know about the cycle, where the miners are, and so on, plus, we can get some relief on interest rates. This means a 3-fold increase. This has happened all over the tech world, so it can happen with Bitcoin too.
cryptokoin.comAccording to the planning as you follow from, Bitcoin’s next hanvig will occur in April 2024. With this event, miners’ rewards will be halved. Therefore, the supply of new Bitcoin will decrease. At the time of writing, BTC was trading at $28,294, down 0.53% on a daily basis.
Leading altcoin is also on Scaramucci’s radar
Anthony Scaramucci then moves on to the leading altcoin Ethereum (ETH). Scaramucci predicts that ETH will rise more than 185% from its current value in the 6 to 12 months following BTC’s halving. The famous fund manager explains his predictions on this subject as follows:
Even though we have a position in Ethereum, I’m not that close to it. Could Ethereum hit $4,500 by then? Why not? You know it’s a great tool. Their speed increased. Layer-2s helped with this. Why not? Why not $4,500? These things are maturing.
At the time of writing, the leading altcoin Ethereum was changing hands at $1,567, up 0.52% on a daily basis.
Anthony Scaramucci expects 200% performance from ALGO
The SkyBridge Capital founder is most recently focusing on the smart contract platform Algorand (ALGO). Anthony Scaramucci predicts ALGO will rise more than 200% from its current value. Scaramucci explains his predictions on this subject as follows:
I’m on the rise. I thought it could easily go from $1 to $5. However, I was wrong. It is currently trading at $0.09 or $0.10. But could Algorand become a $0.30 token from here (because we can only price ourselves today, we can’t go back to the past) as they continue their development and adoption of what they do and bring in companies that love technology? I believe it can happen.
At the time of this writing, ALGO was trading at $0.090, down 1.52% on a daily basis.
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