Hedge fund manager Anthony Scaramucci is still confident in his prediction that Bitcoin (BTC) will reach $170,000, calling it “conservative.”
Halving Event and Historical Pattern
Scaramucci believes Bitcoin’s price tends to rise 4x from its value at the time of a halving event, which reduces miners’ rewards. With Bitcoin’s price around $50,000 at the last halving in April, he predicts a potential cycle top of $170,000.
SEC and Ethereum ETFs
Scaramucci also predicts that the SEC will reject applications for spot Ethereum ETFs in May, leading to a lawsuit. He believes SEC Chair Gary Gensler is not in favor of cryptocurrencies and may lose the lawsuit.
Current Bitcoin Price
At the time of writing, Bitcoin is trading at $52,006, slightly down from the previous 24 hours.
