Scaramucci Sticks to Bitcoin Price Prediction of $170,000

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.