Anthony Scaramucci, the founder of SkyBridge Capital, is making a big bet on Bitcoin. He believes the cryptocurrency will hit a whopping $176,000 by mid-2026, representing a threefold increase from its current price.
Scaramucci’s Bullish Outlook
Scaramucci points to the growing demand for Bitcoin and its fixed supply as key factors driving this potential price surge. He sees Bitcoin as a digital gold, comparable to the precious metal in its value and potential for growth.
Bitcoin’s Recent Performance
Bitcoin has been on a rollercoaster ride lately, but it’s currently back above $70,000. Scaramucci’s prediction comes as other crypto experts are also predicting a six-figure price for Bitcoin, with some even forecasting a price of $220,000.
Scaramucci’s Political Ties
Scaramucci is a known supporter of Vice President Kamala Harris and believes her administration would be favorable to cryptocurrency. He’s been working with her team to develop policies that would foster the growth of the crypto industry.
The Bitcoin-Gold Connection
Scaramucci believes Bitcoin could eventually reach half of gold’s market cap, which currently sits at $18.494 trillion. He estimates this could take around 10 years, potentially offering investors a tenfold return on their Bitcoin investments.
A Bold Prediction
Scaramucci’s prediction is certainly bold, but it’s not without merit. The growing adoption of Bitcoin and its limited supply make it a potentially attractive investment. However, as with any investment, there are risks involved, and it’s important to do your own research before making any decisions.
