Analyst Anthony Scaramucci predicts bitcoin’s growth to $ 400,000

Anthony Scaramucci, CEO of Skybridge Capital, said that the BTC rate will reach $ 170,000 in this «bull cycle» and that in the future, bitcoin’s capitalization will be half that of gold.

During an interview on CNBC, Anthony Scaramucci said that BTC $97,773.30 Bitcoin -1.22% Market capitalization $1.93 trillion VOL. 24 hours $2.98 billion will grow 2.5 times in this cycle. «I'm just saying that bitcoin’s capitalization could reach half of gold’s, which means it will grow six or even eight times from current levels,» the expert said.

Currently, bitcoin’s capitalization is $ 1.35 trillion, while gold’s is $ 15.8 trillion. If BTC reaches half of gold’s capitalization, the market leader’s rate will be about $ 400,000. Scaramucci called the bitcoin spot ETFs launched in January «selling machines.»

According to him, they will only continue to stimulate demand for Cryptocurrencies from both retail clients and institutional investors. Currently, the capitalization of 10 bitcoin ETFs (excluding the Grayscale fund) is over $ 12 billion. Spot gold ETFs, which appeared in 2024, took a year to surpass the $ 10 billion mark. Skybridge’s CEO added that he «really likes» Solana. The company also holds positions in Avalanche, Algorand, and several others.

«I think more liquidity in the markets is better for bitcoin. People who study bitcoin and work with it recognize it as a digital asset store. They see it as a digital form of gold. And if there is an easing in the interest rate cycle, it means that there will be more liquidity. And I think that will be better for bitcoin. It will find its way into more model portfolios ,» Scaramucci said in January 2024.