Scaramucci Sees Bitcoin Hitting $500,000 Eventually

Skybridge Capital founder Anthony Scaramucci recently said that Bitcoin could hit $100,000 this year and $500,000 in the future. He said, “Could it get there this year? Yes. Is it likely to get there over 2 years? I’m very confident about that. But we’ve got some work to do here from a regulatory perspective.” During the interview with Magnifi of TIFIN, he also said, “but if you’re willing to zoom out and look at the long-term chart and look at the adoption story, could Bitcoin get to a half-million dollars a coin? I believe it will.” A known Bitcoin bull, Scaramucci notes that the fixed supply of Bitcoin makes it far more valuable than other cryptocurrencies, but he also notes that regulation is going to be a stumbling block because it has not been properly addressed in the modern-day. “I thought once you had the Bitcoin futures, you’d end up with the cash pretty immediately. Too much political headwind for that.” He advised investors to use dollar-cost averaging and they spend on crypto. At press time, Bitcoin was still #1 in the crypto market, more than 44% off its all-time high near $70,000, and still far off its 90-day high above $50,000