Anthony Scaramucci, the dynamic founder and managing partner of Skybridge Capital, is making waves with his bold prediction for Bitcoin (BTC). He anticipates a significant surge in Bitcoin’s value post the upcoming halving event in April, a key moment when the creation of new bitcoins is set to reduce once again.
“Take a look at Bitcoin’s halving cycles,” Scaramucci advised on the Scott Melker podcast. He highlighted a fascinating pattern: multiplying Bitcoin’s value by four, 18 months post-halving, has historically matched its price. Using a conservative estimate of $35,000 at the time of halving, Scaramucci envisions the potential for Bitcoin to reach $200,000 if it stands at $50,000 in April, or even $240,000 at $60,000.
Looking at the bigger picture, Scaramucci sees Bitcoin potentially reaching a market capitalization akin to half of that of gold, which would catapult the price of a single Bitcoin to an astounding $400,000.
Scaramucci’s investment acumen is well proven, being the first external investor in BlackRock’s spot bitcoin exchange-traded fund (ETF), which was approved earlier this year. BlackRock CEO Larry Fink, initially a skeptic, has since transformed into a strong proponent of Bitcoin, a change Scaramucci applauds, recognizing the importance of leaders adapting their views based on thorough research.