Anthony Sacramucci: ETH will cost $ 12,000, BTC — $ 250,000

Anthony Scaramucci, CEO and founder of SkyBridge Capital, said that the price of Ethereum ETH $2,967.69 Ethereum -1.90% Market capitalization $356.72 billion VOL. 24 hours $0.55 billion could reach $ 10,000−12,000. In the Unchained podcast, he also predicted that Bitcoin BTC $56,846.70 Bitcoin -0.89% Market capitalization $1.12 trillion VOL. 24 hours $1.15 billion could reach values of $ 170,000 to $ 250,000.

Scaramucci believes that the key factor will be the acceptance of cryptocurrencies as an asset class by institutional investors. He noted that investment advisors or pension funds may seek advice on how to allocate funds, which could have a significant impact on the market.

According to the analyst, the institutional adoption of cryptocurrencies will lead to a significant increase in demand for the flagship digital asset market. He predicts that the share of digital gold in the portfolios of major players will soon reach 3%.

As an example of this trend, Scaramucci cited the Wisconsin Investment Council’s investment in bitcoin through ETFs worth more than $ 160 million. He emphasized that the approval of spot exchange-traded BTC funds is an important step in overcoming regulatory barriers and attracting new capital.

Earlier, Israeli philosopher Yuval Noah Harari, author of the bestselling book Sapiens and Homo Deus, said that bitcoin undermines public trust in institutions.«Bitcoin is a currency of distrust, and I repeat what BTC fans themselves say. Theremay be good reasons to distrust banks and governments that create dollars, yens, and other currencies, but that doesn’t change the fact that Bitcoin’s advantage is based on distrust of institutions,» the world-renowned scientist said.