Leading cryptocurrency Bitcoin returned to ATH levels with a spectacular performance. However, there are different predictions about his next move. While some experts expect a harsh correction, others say it will continue on its path. SkyBridge Founder Anthony Scaramucci advises patience. Scaramucci says Bitcoin will reward patient investors well.
Anthony Scaramucci: Bitcoin, p.arrogant yinvestors hewill reward you!
cryptokoin.comAs you follow from , Bitcoin (BTC) is close to breaking above its all-time high (ATH). SkyBridge’s founder and former White House Communications Director Anthony Scaramucci made new statements about the leading cryptocurrency. In the latest episode of his business show Last Call on CNBC, Scaramucci suggested that Bitcoin will reward patient investors in the long run. According to him, investors who are patient with an appropriately sized portfolio in Bitcoin will earn more in the future. In this context, Scaramucci said:
If you are patient about Bitcoin and keep a suitable size Bitcoin in your portfolio […] I think you will be well rewarded.
The American businessman also shared his views on SkyBridge’s Bitcoin investment. According to Scaramucci, SkyBridge’s investment in Bitcoin over the last two years has paid off in the last three months.
SkyBridge’s crypto funds post big gains
It should be noted that 2023 is SkyBridge’s most profitable year since its founding in 2005. The hedge fund has achieved a significant 130% gain on crypto investments in 2023 alone. SkyBridge specifically invests in Bitcoin, Ethereum, and Solana (SOL). Prices of the major crypto assets in SkyBridge’s portfolio have increased significantly since December. For example, Bitcoin rose from $37,000 on December 1 to over $68,000 earlier this week.
Scaramucci, who predicted that Bitcoin would surpass its all-time high price of $69,044, almost saw his prediction come true on March 5, when the BTC price rose to $68,869 on March 5. However, Bitcoin experienced a major collapse late yesterday and fell to around $60,000. So far, the market has stabilized from yesterday’s correction as Bitcoin is currently changing hands at $67,059.
Scaramucci expects Bitcoin adoption to increase in the future
Meanwhile, Scaramucci suggested that Bitcoin adoption will increase like the internet over the years. The financial expert noted that Bitcoin’s global adoption rate is currently 5%. According to Scaramucci, Bitcoin’s current adoption is similar to that of the World Wide Web in its early days, specifically March 1999, during the Web 1.0 era.
Interestingly, the internet has seen a tremendous increase in its adoption rate from 1999 to date. Thus, it has become an integral part of everyone’s life. “So I want you to think about what happened from Web-1 in 1999 to where we are today, 25 short years later,” Scaramucci concluded.
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