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Founder of SkyBridge Capital: Bitcoin will hit $100,000 in two years



A former White House communications director said in a Bitcoin price prediction that BTC will go to $100,000 in two years.



$100,000 in two years?

Bitcoin price failed to recover amid the escalating Russian invasion of Ukraine, even as gold hit a new all-time high.



Since the beginning of 2022, bitcoin price has fallen nearly 20% as stock markets are weak amid potential US Federal Reserve rate hikes.


Now, Anthony Scaramucci, Donald Trump's short-term White House communications director, has issued a bitcoin price prediction in which he predicts that bitcoin will reach $100,000 within two years and eventually climb to $500,000.


Scaramucci, who is also the founder of hedge fund SkyBridge Capital, told Magnifi Media:


"I think bitcoin will have 100+ million wallets and it could be an inflation hedge, but that's a good five to eight years away."


He added:


"It would be a mistake to be underinvested or not invested in cryptocurrency."


Last year, Scaramucci predicted a Bitcoin price of $100,000 before BTC crashed back below $40,000. In the last 24 months, Bitcoin has been very volatile, even crashing below USD 4,000 before surging to almost USD 70,000 in October 2021.


“This is an early adoption of technology”


Scaramucci further said:


“This will be very volatile. There will be periods when Bitcoin will plummet by more than 50%. But if you're willing to zoom out and look at the long-term chart and adoption history, could Bitcoin reach $500,000 per coin? I think it will."


Scaramucci thinks the average investor should get into Bitcoin.


"The only way to deal with a technology like this is to calculate the dollar cost average and buy a little every month."


Lately it has been announced that the US regulators and other countries want to get a grip on the crypto market. Some have called for tough new regulations for the crypto market to protect investors.


"I think over time the cooler heads, the more rational ones, will win."


"I don't think the United States wants to relinquish its leadership in financial services."

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