Bitcoin “easily” will reach the price of $500,000. Such a forecast was given by the founder of SkyBridge Capital, Anthony Scaramucci, on CNBC, referring to the limited emission of the first cryptocurrency and the potential number of rich investors in it.
According to JPMorgan, there are at least 49 million dollar millionaires, but the supply of digital gold is limited to 21 million coins, he noted.
“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 indicated 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 would reach a 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 struggle to explain to people why they should own this right now,” the investor added.
Recall that in September Scaramucci announced the possibility of bitcoin becoming a global reserve currency.
He also noted that only every tenth institutional has invested in the leading digital asset so far.
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Bitcoin “easily” will reach the price of $500,000. Such a forecast was given by the founder of SkyBridge Capital, Anthony Scaramucci, on CNBC, referring to the limited emission of the first cryptocurrency and the potential number of rich investors in it.
According to JPMorgan, there are at least 49 million dollar millionaires, but the supply of digital gold is limited to 21 million coins, he noted.
“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 indicated 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 would reach a 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 struggle to explain to people why they should own this right now,” the investor added.
Recall that in September Scaramucci announced the possibility of bitcoin becoming a global reserve currency.
He also noted that only every tenth institutional has invested in the leading digital asset so far.
Subscribe to Cryplogger news at VK.
Found a mistake in the text? Select it and press CTRL+ENTER
