Anthony Scaramucci, founder of SkyBridge Capital, said Bitcoin is “still very young” in terms of adoption, and despite recent price changes due to current volatility and the impact of global events, significant He said he expects long-term growth.
In an interview focused on the trajectory of the flagship cryptocurrency, Scaramucci emphasized that Bitcoin is still early in its adoption curve, likening the current stage to the early days of the internet around 1999.
Scaramucci also predicted that Bitcoin will surpass gold's market cap in the coming years as it matures as an asset class and the regulatory environment becomes more accepting.
introduction curve
He emphasized that Bitcoin may not stabilize as a reliable inflation hedge or store of value until it exceeds 1 billion users, suggesting continued volatility in the short term.
“Bitcoin is on a adoption curve. If you go back to Web 1, Bitcoin is kind of at the 1999 point on the spectrum, so imagine how we got from Web 1 to today.”
Scaramucci's comments come at a time when Bitcoin has shown resilience despite geopolitical tensions and market uncertainties, including the recent conflict involving Iran and Israel.
He acknowledged that such an event could temporarily impact Bitcoin's value, leading to a 10% to 15% drop in value in the short term. However, he is optimistic about its future, particularly the potential for involvement from institutional investors such as the Bitcoin Spot ETF, wire services and the 401k market.
Bitcoin to $200,000
Based on Bitcoin's historical performance over the past 15 years, Scaramucci predicted that Bitcoin's value could soar three to four times in the months following the halving. He said:
“Long term, with the halving coming this week, I think this will reach $170,000, maybe $200,000.”
Scaramucci also compared Bitcoin's investment profile to that of early-stage Amazon, noting the extreme volatility and significant gains Bitcoin has experienced over time. He suggested that Bitcoin could similarly reward long-term investors who tolerate price fluctuations.
he added:
“In the last four years, not a single person has lost money on Bitcoin.”
Scaramucci also noted the growing influence of ETFs in Bitcoin ownership and price discovery. He dismissed concerns about the centralization of Bitcoin ownership through ETFs, arguing that the market is still largely decentralized and that ETFs serve as an important bridge to traditional investors. did.
