Anthony Scaramucci: Bitcoin will trade at $500,000

Joined
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Bitcoin will "easily" reach a price of $500,000. This forecast was given by the founder of SkyBridge Capital Anthony Scaramucci on CNBC, referring to the limited release of the first cryptocurrency and the potential number of rich investors in it.
According to JPMorgan, there are at least 49 million dollar millionaires in the world, but the supply of digital gold is limited to 21 million coins, he noted.

"You don't have enough bitcoins so that every millionaire in our society has at least one coin," Scaramucci stressed.

In his opinion, the price of the first cryptocurrency will reach this mark by the end of 2024 or mid-2025, if Katie Wood's forecast comes true. Earlier, the founder of Ark Invest predicted that by this time the number of bitcoin wallets will reach a billion.

Scaramucci called digital gold an insurance against inflation and said that the current level of quotations is still an early opportunity to enter the asset.

"As for me, I'm struggling to explain to people why they should own this right now," the investor added.

Recall that in September Scaramucci announced the possibility of turning bitcoin into a global reserve currency.

He also noted that so far only every tenth.
 

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