Wall Street veteran Anthony Scaramucci has expressed confidence that Bitcoin will surpass its all-time high price of $69,000, which it reached in November 2021. This prediction comes after the approval of the Bitcoin spot ETF by the SEC, which Scaramucci believes will lead to an influx of institutional investment into Bitcoin, pushing its value to new heights.
Scaramucci, the founder of SkyBridge Capital, shared his views in a recent interview in St. Moritz, Switzerland. He stated, “I think it is a much broader story for digital property in general, and I think Bitcoin will probably see its all-time high before the end of the year and will likely go through its all-time high by this time next year.”
Despite Bitcoin’s struggle to reach its previous high, the current bullish run is the most significant since early 2022. Bitcoin is currently trading at $45,814, having lost 4% in the past day, with an intra-day high just shy of $49,000. The overall trading volume of Bitcoin has dipped by 22.4% to hit $40.2 billion.
While Scaramucci is optimistic about Bitcoin’s future, others in the industry are even more bullish. Cathie Wood, for instance, believes that a $600,000 Bitcoin price prediction is on the conservative side.
Following the approval of the Bitcoin spot ETF, Scaramucci is hopeful that an Ethereum spot ETF will be approved by the May deadline. However, he anticipates that SEC Chair Gary Gensler and Senator Elizabeth Warren, known for their anti-crypto stance, may find reasons to delay the deadline or reject the applications altogether. Despite this, Scaramucci believes that the ETF approval is an indirect endorsement of Bitcoin by Gensler.
Scaramucci stated, “The SEC is obviously not endorsing bitcoin but in a weird way they are endorsing bitcoin because they’ve now allowed it from a regulatory point of view to be offered to retail investors with a prospectus.”
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| Information | Details |
|---|---|
| Geography | Europe |
| Countries | 🇺🇸 🇨🇭 |
| Sentiment | positive |
| Relevance Score | 1 |
| People | Cathie Wood, Gary Gensler, Elizabeth Warren, Anthony Scaramucci |
| Companies | SkyBridge Capital, CNBC, SEC (Securities and Exchange Commission), Crypto News Flash |
| Currencies | Bitcoin, Ethereum |
| Securities | None |
