Anthony Scaramucci, founder of SkyBridge Capital, has placed an ambitious Bitcoin call, noting the asset will trade at $176,000 within the next two years.
Long-standing crypto bull Anthony Scaramucci has set a lofty target for Bitcoin, the largest crypto asset by market cap. In a Wednesday interview, the SkyBridge managing partner asserted that the premier crypto asset would trade at $176,000 by mid-2026.
The Wall Street businessman, who has endorsed Kamala Harris, again praised the crypto firstborn, citing its ability to surge extensively in the short term. He noted that Bitcoin could rally threefold in 18ā20 months, arguing that its fixed supply and growing demand make this a possibility for the asset.
Scaramucci Talks up Bitcoin-Gold Comparison
In another interview on the same day, Scaramucci discussed the Bitcoin-gold comparison, stating that the leading cryptocurrency was digital gold. He argued that other notable financial gurus, like BlackRockās CEO Larry Fink, share his theory, stating that he expects Bitcoin to reach half of goldās market cap.
Scaramucci expects Bitcoin to achieve the feat in ten years, driving a tenfold return for the pioneering crypto asset. Gold currently trades at a new high of $2,754 per ounce with a market cap of $18.494 trillion.
Meanwhile, this is not the first time Scaramucci is tipping Bitcoin to match goldās cap. In an earlier report, the SkyBridge Capital founder asserted that Bitcoin would eventually reach and maybe surpass goldās market cap.
We Are Still Early
Meanwhile, in a recent tweet, Scaramucci argued that acquiring Bitcoin at the current market price was still very early. He noted that thinking one has āmissed the boatā following Bitcoinās recent surge is false.Ā
Scaramucci encouraged his audience to acquire Bitcoin while it was still discounted, read its wallpaper, and follow people like Michael Saylor and Eric Voorhees.
Meanwhile, Bitcoin has reclaimed $71,000 after a scare yesterday, which saw it drop to $68,000. The premier asset is up less than 1% in the past 24 hours and 4.37% over the last week.
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