Another amazing Bitcoin price prediction from a crypto expert
Anthony Scaramucci, founder of SkyBridge Capital, continues to express bullish views on the future of Bitcoin (BTC), predicting that the cryptocurrency will eventually hit six figures.
В interview for David Lynn, published on June 7, Scaramucci suggested that Bitcoin could rival gold, potentially reaching a value of nearly $700,000. His optimistic forecast is based on the cryptocurrency's unique technological features and its growing acceptance as a store of value similar to gold.
Scaramucci noted that the adoption rate of Bitcoin in the US is currently around 5%. However, he believes that if BTC continues to grow and digest at its current rate, there is no reason why its value cannot increase significantly. He projects its market capitalization, which is roughly $1.5 trillion, to grow tenfold over the next 15 years. If this growth happens, Bitcoin's market cap could reach $15 trillion, which, based on its current price of around $69,455, would mean a price of approximately $694,500.
Using the formula for BTC's new price, which involves multiplying the current price by the market cap growth, Scaramucci predicted that the leading cryptocurrency could realistically become a $300,000, $400,000 or even $500,000 asset, stating:
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GameStop should buy Bitcoin according to Anthony Scaramucci“If gold is worth a total of $16 trillion and Bitcoin is worth $1.5 trillion, can it increase 10 times in the next 15 years? I believe it can, and I believe it has the technical properties to enable it to do so. We're already seeing that happening, things are already moving in that direction."
Scaramucci's bullish forecast is supported by BTC's fundamentals and the ongoing trends in its market adoption. He emphasized that Bitcoin's potential lies in its role as a digital store of value. In the digital age, a store of value must possess qualities such as scarcity, ease of use, reliability and stable value. According to the expert, BTC meets these criteria thanks to its decentralized network that does not require permission. Bitcoin's limited supply ensures scarcity, and its decentralized nature ensures a secure and reliable transfer of value.
Drawing a parallel with gold, Scaramucci explained that Bitcoin replicates the valuable qualities of traditional assets in digital form. He predicts that its wider adoption and long-term growth will increase its value in the global financial system.
In the short term, Scaramucci claims that by 2025, BTC will likely trade at $170,000, reflecting his confidence in Bitcoin's potential to achieve significant growth over the next few years.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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