SkyBridge Capital Archives

SkyBridge Capital founder Anthony Scaramucci believes Bitcoin (BTC) will reach unprecedented heights within the next six months. During a CNBC interview, Scaramucci shared his optimistic outlook, suggesting Bitcoin could soon break past six figures following its correction into the $50,000 range. Scaramucci attributes Bitcoin’s temporary dip to factors like the resolution of the Mt. Gox exchange settlement with creditors and the German government's sale of coins. "We still love the fundamentals of Bitcoin long-term. And I do think, as I said, it’ll be $170,000 post-halving, but I think you can get to $100,000 by year-end, but it has to chug through this slog right now," he stated. Potential Boost from FTX Another potential catalyst for Bitcoin’s rise, according to Scaramucci, is the anticipated release of funds to FTX account holders. Following the exchange’s collapse, these account holders are expected to have their funds restored soon. Scaramucci predicts many will reinvest their returned funds into Bitcoin. "FTX is going to be releasing shortly $16 billion roughly of cash to investors that had their accounts at FTX. And so that’s very good news for Bitcoin holders, I believe, because a lot of that was in Bitcoin. It got frozen in the bankruptcy. It got dollarized, unfortunately, at low numbers for Bitcoin, but it’s going to go back to those account holders shortly, and we think a lot of that may flow into the asset," Scaramucci explained. Scaramucci also warns the Democratic Party that their stance on digital assets could impact their voter base in the upcoming US presidential election. He notes that the Republican Party's more favorable view on digital assets might attract crucial votes. "Let’s say there’s only 20 million wallets of eligible voters in the United States, and let’s say 10% of them are single-issue voters. You got 2 million potential voters in a very close, very narrow election being resolved by six or seven swing states that could be single-issue digital asset voters. I think it’s an overwhelming conclusion that this will be an acceptable long-term asset class in the United States," Scaramucci stated. As of now, Bitcoin is trading at $58,474, marking a 1.54% increase in the last 24 hours. The cryptocurrency community eagerly awaits to see if Scaramucci's predictions will materialize.

SkyBridge Capital

Anthony Scaramucci Predicts New Bitcoin Highs in Six Months

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