Bitcoin ‘has room to run' and trade half the value of gold: SkyBridge CEO
Spurred on by the recent Bitcoin ETF “selling machines,” Bitcoin could reach as high as $170,000 during the current cycle, says SkyBridge Capital CEO Anthony Scaramucci.
Bitcoin (BTC) has significant “room to run” from its current price of $69,000 and could one day trade at around half the total value of the global gold market, says SkyBridge Capital CEO Anthony Scaramucci.
In an April 6 interview with CNBC, Scaramucci predicted that Bitcoin could reach as high as $170,000 during this cycle, adding that the bulk of the asset’s price appreciation would occur over a longer time horizon.
“It’s not going to happen overnight and there will be a lot of volatility,” he added.
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