SkyBridge Capital CEO Predicts Bitcoin Could Reach $150,000 to $180,000 by Year-End
Anthony Scaramucci, founder and CEO of SkyBridge Capital, is bullish on Bitcoin (BTC) as it continues to hover around its all-time high. In a recent interview on the White Crypto YouTube channel, Scaramucci shared his insights on the cryptocurrency market.
Potential Upside for Bitcoin
Scaramucci believes that Bitcoin has the potential to surge by up to 65% from its current level before the end of the year. He stated, “I do think this is $150,000 to $180,000 by year-end,” highlighting the positive outlook he has for the leading cryptocurrency.
Institutional Demand Driving Growth
The hedge fund veteran pointed out that institutional investors are increasingly interested in Bitcoin, driving demand for the digital asset. Scaramucci emphasized, “Bitcoin supremacy, if you will, is creeping up, and I think that’s going to continue because it’s the go-to asset for institutional investors.”
Challenges and Opportunities
Despite acknowledging the headwinds facing Bitcoin, such as global tensions and economic uncertainties, Scaramucci remains optimistic about the cryptocurrency’s growth prospects. He noted, “There are a lot of things holding Bitcoin back, but despite that, there’s very heavy net buying of Bitcoin, particularly through the exchange-traded funds (ETFs).”
Current Bitcoin Price
At the time of writing, Bitcoin is trading at $109,273, showcasing its resilience and potential for further appreciation in value.
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