• Anthony Scaramucci of Skybridge Capital is very bullish on bitcoin and recently commented that it could reach $40,000 or $50,000 by the end of the year.
• He believes mainstream media attention has been a major factor driving up prices as well as more widespread access to wallets.
• However, there are still some challenges such as fraud schemes and anti-crypto stances from entities like the SEC that could potentially hinder progress.
Anthony Scaramucci is Bullish on Bitcoin
Anthony Scaramucci of Skybridge Capital says he’s never been more bullish on bitcoin than he is now. After hitting $30K for the first time in about 11 months, BTC appears to be back on track after a difficult 2020. He attributes this cycle of boom and bust to halving events and increased mainstream media attention.
Bigger Accessibility to Wallets
Scaramucci also noted that bitcoin wallets have become readily available, though this has also lead to a rise in fraudulent schemes which don’t help its reputation. He believes these issues are contributing to an anti-crypto stance from entities like the SEC being taken by figures like Gary Gensler.
Potential Hurdles Ahead
Despite this, he’s confident that bitcoin will remain an „incredibly sturdy“ asset class throughout 2021 and will hopefully end the year in a price range between $40K-$50K. However, people like Charlie Munger and Jamie Dimon may continue trying to bring down BTC’s value with their negative comments about it.
Past Performance Offers Hope
Scaramucci argued that past performance offers hope for a much better 2021 for bitcoin despite these hurdles ahead – it survived previous crashes and came out stronger than ever before so there’s no reason why it can’t do it again this time around too!
Ultimately, only time will tell what kind of success bitcoin will have over the coming months but if Scaramucci’s predictions are anything to go by then we’re all in for one exciting ride!