Skybridge Capital Founder Anthony Scaramucci 5 times his Bitcoin (BTC) prediction of $100,000! Believing that the leading cryptocurrency can reach $ 500 thousand in the long run, Scaramucci gave advice on how the average investor should enter Bitcoin.
Anthony Scaramucci, founder of investment management firm Skybridge Capital, updated his price prediction late last year in an interview where he talked about the future outlook for Bitcoin.
Scaramucci predicted that the BTC price would reach $100,000 by the end of last year. However, admitting that he did not properly evaluate the regulatory environment at that time, Scaramucci stated that the leading crypto could see the level of 100 thousand dollars this year, but there is still work to be done in terms of regulation. Scaramucci's long-term target for BTC is 500 thousand dollars!
“The markets need to calm down a bit. We have to get over Covid. But it's not going anywhere." said Scaramucci, “How should the average investor get into Bitcoin?” He answered the question as follows.
"I'd buy some. So I'd pick a number that wouldn't tire me out and buy some every month. The only way to deal with a technology like this is to buy little by little each month, taking into account the dollar-cost average."
Arguing that not investing in cryptocurrencies at all can be a mistake, the founder of Skybridge Capital talked about the importance of adopting the technology in question early. Continuing the bullish expectation about Bitcoin, Scaramucci encouraged investors to start buying BTC in November last year and said the following.
"It's very, very early for these people, but I'm trying my best to explain to them why they should have this right now."