Founder of investment firm SkyBridge Capital Anthony ScaramucciAccording to Bitcoin, in the next four to five years 500,000 dollarswill reach a price. The famous investor bitcoinHe believes that will be possible with the global adoption of . He adds that currently, Bitcoin cannot be called an inflation hedge. Here are the details.
Speaking to Kitco News, SkyBridge Capital founder Anthony Scaramucci stated that Bitcoin has the potential to reach a price of $500,000 in the next four to five years.
“I think eventually Bitcoin will be worth half a million dollars and that will happen in four to five years. The journey will be tough, but it will definitely be worth it.”
For the former White House communications director, bitcoin The continued growth of its network to accommodate more users will support it to reach this huge price. Along with a $500,000 price tag in the next five years, Scaramucci will have more than a billion dollars on the network. bitcoin wallet predicts it will.
However, contrary to what many Bitcoin supporters believe, Scaramucci stated that he does not see Bitcoin (BTC) as an inflation hedging tool yet. Instead, he argues, Bitcoin will mature to become a store of value and an inflation hedge when more widely adopted.
Scaramucci is the latest to join the list of Bitcoin supporters with long-term bullish prospects. As we previously reported, Cathie Wood, one of the favorites of ARK Investment Management, expects the price of Bitcoin to exceed $ 1 million by 2030.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.