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Skybridge Capital founder Anthony Scaramucci predicts that Bitcoin might surge to $170,000 after the halving event in April.
“Go back and look at Bitcoin halving cycles,” Scaramucci said in an interview with crypto influencer Scott Melker. “The day that Bitcoin halves, multiply it by four 18 months later and it’s been uncanny that that’s been the price of Bitcoin.”
The hedge fund veteran said that BTC skyrocketing to as high as $170,000 following the upcoming halving in April would not be out of the ordinary, based on historical patterns, and his prediction is based on a conservative forecast for the Bitcoin price of $35,000 in April.
Anthony Scaramucci Says BTC Might Even Hit $240,000
Scaramucci did not rule out the possibility of the king of crypto trading at a much higher price after the halving event.
If BTC reaches $50,000 in April, it could soar to $200,000. If the market leader’s price hits $60,000 come the halving event, the subsequent target would be as high as $240,000, he said.
Over the long term, he’s even more bullish. “It’s a $400,000 Bitcoin, and I think it would be ridiculous for people not to understand the asset, not to understand the dynamics of it as a store of value and not to have a position, ” said the Skybridge Capital founder.
He backed his belief with his forecast that BTC will easily get to “half of the market capitalization of gold,” which he said stands at around $14.5 trillion.
With this in mind, he predicted that BTC’s market cap could potentially reach $7 trillion or $8 trillion, which would be a “10X from here.”
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