Posted 1/29/2024, 4:53:00 PM
Scaramucci Forecasts $170K+ Bitcoin Price After April Halving, Potential to Hit $400K Long-Term
- Scaramucci predicts bitcoin will hit at least $170K after April's halving event based on past halving price cycles
- He gives a conservative estimate of $35K bitcoin price at the halving, meaning $140K post-halving. More bullish estimates could mean over $200K.
- Long-term, Scaramucci sees bitcoin potentially reaching half gold's market cap, or around $400K per coin
- Scaramucci was the first external investor in BlackRock's spot bitcoin ETF
- He credits BlackRock CEO Larry Fink for changing his skeptical view on bitcoin and deciding the firm should have bitcoin exposure