Bitcoin will “easily” reach the price of $ 500,000. This forecast was given by the founder of SkyBridge Capital Anthony Scaramucci on the air of CNBC, referring to the limited emission of the first cryptocurrency and the potential number of wealthy investors in it.
“You don’t have enough bitcoins for every millionaire in our society to have at least one coin,” Scaramucci said.
In his opinion, the price of the first cryptocurrency will reach the specified 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 one billion.
Scaramucci called digital gold insurance against inflation and said that the current level of quotations is still an early opportunity to enter the asset.
“As for me, I am struggling to explain to people why they should own this right now,” the investor added.
We will remind, in September, Scaramucci announced the possibility of bitcoin to become a global reserve currency.
He also noted that so far only every tenth institutional has invested in the leading digital asset.
