Posted 2/1/2024, 12:45:15 PM
Scaramucci Predicts $170,000 Bitcoin by Next Halving on Falling Rates and Softer Landing
- Bitcoin price could surge to $170,000 by next halving due to falling interest rates, predicts hedge fund manager Anthony Scaramucci
- Scaramucci sees bitcoin reaching half the market cap of gold, over $7 trillion, implying a price of $400,000
- Bitcoin's next halving in April will cut miner rewards in half, historically causing major price increases
- Traders expect the Fed to cut interest rates and restart quantitative easing around the same time as the halving
- Softer economic landing could boost risky assets like bitcoin when quantitative easing policies begin