Anthony Scaramucci, CEO of SkyBridge Capital, believes Bitcoin could reach $200,000 by 2024.
Halving Event Catalyst
Scaramucci predicts a surge in Bitcoin’s value after its halving event in April, where miners’ rewards will be cut in half. Historically, Bitcoin has experienced a significant price increase after halving events.
Supply and Demand Dynamics
Scaramucci attributes Bitcoin’s recent price appreciation to limited supply and increased demand from spot Bitcoin ETFs. He believes this demand is squeezing the price higher.
Short Sellers Getting Burned
Scaramucci also notes that short sellers who bet against Bitcoin are facing losses due to the ongoing price rally.
Disclaimer
The views expressed by Scaramucci are not investment advice. Investors should conduct their own research before making any cryptocurrency investments.
