Quotes of the first cryptocurrency will exceed $170,000 next year. The founder of SkyBridge Capital, Anthony Scaramucci, announced this in Davos, writes Reuters.
“If Bitcoin is at $45,000 at the time of the halving, which is where it is now, the asset will reach $170,000 by mid-to-late 2025. […] Wherever the price was on the halving day in April, multiply it by four – Bitcoin will reach this mark in the next 18 months,” the specialist noted.
According to him, the recent fall in digital gold prices below $42,000 is due to the transfer of investor assets from GBTC to new exchange-traded funds approved by the SEC.
Scaramucci is confident that the market will need another eight to 10 trading days to reflect the impact of new instruments on the price of the first cryptocurrency.
Let us remind you that on January 11, against the backdrop of the launch of Bitcoin ETF trading, digital gold exceeded $48,000.
Earlier, the co-founder of the analytical firm Fundstrat, Tom Lee, predicted the growth of the first cryptocurrency to $150,000 by the end of 2024. In his opinion, the asset will reach $500,000 in the next five years.
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2024-01-17 17:02:49
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