Anthony Scaramucci, CEO of global investment firm Skybridge Capital, has suggested that the bear market in Bitcoin (BTC) is over and upsides may be seen as the next halving approaches.
In an interview with Yahoo Finance on April 6, Anthony Scaramucci made important statements about the current situation of Bitcoin and the basis of the possible rise. Investors of US banks bankruptcy one after another bitcoin And Ethereum (ETH) Stating that he directs him to reliable cryptocurrencies such as put the end to the bear market argued.
Making comparisons with investment tools in global markets, Scaramucci said that Bitcoin has shown since the beginning of the year. 70% increase compared to other instruments in general perspective with much better performance stated that he exhibited. The CEO made this thesis of Bitcoin’s With a 4-year halving cycle While strengthening, he gave the following statements in the details of his statement:
I guess we are out of the bear market right now, but this is still just a guess and we can’t know for sure. On the other hand, every time you hold Bitcoin for 4 years, you will find that it outperforms any other asset class.
Pointing to the NiceHash data, which includes the countdown information about the Bitcoin halving, the CEO said that the next halving March 2024 reminded that it will happen. Bitcoin, which you look at cyclically, has risen after each halving, and the reason behind this is shown as the shortage of supply that occurred with the halving. Bitcoin’s current block reward according to data 6.25 BTC and with the halving that will take place in 2024, this reward rate 3,125 BTCwill fall to.
Scaramucci has made similar statements before, and the price of the Bitcoin halving cycle and institutional investors 300 thousand dollars He claimed he could take it up to the level.
CoinGecko data in the last 24 hours 0.3% depreciating Bitcoin, at the time of writing at $27,898 finds buyers.