Skybridge Capital founder and CEO Anthony Scaramucci says that Bitcoin (BTC) seems ready for more upside down while it is floating around his all time.
In a new interview on the White Crypto YouTube channel, the veteran of the hedge fund out Bitcoin could rise by a maximum of 65% from the current level before the end of the year.
“Well, every time I make a price prediction, I was wrong. But last year I said I thought we could end at $ 100,000. We didn’t get all the way until after the [President Trump] inauguration. But I do think that this is $ 150,000 to $ 180,000 towards the end of the year. “
According to Scaramucci, the demand for Bitcoin from institutional investors is ready to continue to rise.
“Bitcoin supremation, if you want, crawl up and I think that will continue because it is the go-to-assets for institutional investors. That does not mean that the other coins will not do well. But I think institutional dollars come into space, something like 80% of those dollars in Bitcoin.”
However, Scaramucci says that Bitcoin is currently confronted with various headwinds in the midst of heavy demand.
“There are many things that Bitcoin stop. We are fighting in the Golf, we are fighting in Ukraine and we are fighting in the former Soviet Union, Russia.
But despite that there is a very tough net buying from Bitcoin, especially through the [exchange-traded funds] ETFs. “
Bitcoin acts at $ 109,273 at the time of writing.
https://www.youtube.com/watch?v=duQEHKXAZVC
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