From Nasdaq MarketSite:

Anthony Scaramucci, the founder of Skybridge Capital and former White House communication director, predicted Bitcoin could soar to $170,000 after the Bitcoin halving. Scaramucci emphasized the need for individuals, especially those from older generations, to thoroughly research and understand Bitcoin and blockchain technology. He also touched upon institutional adoption of Bitcoin, noting that institutional demand and limited supply will drive its price upward.

In a conversation with Scott Melker, Scaramucci discussed his views on Bitcoin’s future and the importance of doing one’s homework in understanding digital assets. He projected a potential rise to $170,000 based on historical patterns observed in Bitcoin’s price following previous halvings. Scaramucci also touched upon the institutional adoption of Bitcoin and emphasized the need for individuals to thoroughly research and understand Bitcoin and blockchain technology.

Scaramucci also highlighted the importance of integrity and perseverance, stating that “you own your mistakes. If you have integrity, there’s always opportunity.” He also shared anecdotes from his interactions with prominent figures such as CNBC anchor Jim Cramer and BlackRock Inc. CEO Larry Fink, offering insights into their perspectives on Bitcoin.

On potential market upheavals, Scaramucci acknowledged the possibility of more “black swans,” but remained confident in Bitcoin’s resilience. He believes that by the halving, we will be done with the exegesis of the last cycle. Despite facing a significant downturn in his investments and legal troubles, 2023 marked a significant turnaround for Scaramucci, as he revealed that “our coin fund was up 160% last year… It was the best year of my career.”



Read more: Scaramucci Targets $170,000 For Bitcoin After Halving, Credits BlackRock CEO: ‘Larry Did The Reversal’