Anthony Scaramucci, CEO and founder of SkyBridge Capital, believes that Bitcoin (Bitcoin) It can reach USD 100,000 by the end of the year, mainly due to the exponential increase in monthly demand.
“The most important thing is that you have a limited and fixed supply of Bitcoin, and your monthly demand is growing exponentially,” Scaramucci said in an exclusive interview with Cointelegraph. “As long as I see this, I will see these price increases. Therefore, we will stick to the $100,000 price target,” he explained.
Scaramucci, who was once skeptical of Bitcoin, launched SkyBridge Capital’s first BTC fund with an investment of US$25 million last year. Since then, the company has been steadily accumulating digital gold.
Scaramucci said: “We may have $65 to $700 million worth of Bitcoin in our current product portfolio.”
Scaramucci is a long-time believer in Bitcoin. He believes that major cryptocurrencies are growing faster than tech giants such as Google, Facebook, and Amazon. This is why he believes that Bitcoin will reach 1 billion users by 2025.
“This is the technology and products of the future, and the future will come faster than people expected.”