CandleFocus Scaramucci on Bitcoin Price: "It's Still Very Early"
2024-10-30
Author: Content Editor
Anthony Scaramucci, founder of SkyBridge Capital, believes that Bitcoin is still in its early stages and that potential investors have not missed the opportunity to invest. He encourages them to read the Bitcoin white paper and listen to prominent Bitcoin advocates like Michael Saylor and Erik Voorhees. Scaramucci accurately predicted that the Bitcoin price would rise after the Federal Reserve's rate cut. Bitcoin recently surpassed $73,000 and could potentially reach $750,000 by the end of the year, according to Scaramucci. He also believes that Bitcoin could become a full-fledged store of value by 2026. Other predictions include a Bitcoin price of $13 million by 2045 by MicroStrategy's Saylor and $150,000 in 2024 by Fundstrat's Tom Lee. Despite the cryptocurrency's proximity to its record high, Google searches for Bitcoin remain low. Currently, Bitcoin is trading at $71,966 after a 2% dip in the past 24 hours.
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