Subheading: SkyBridge Capital founder Anthony Scaramucci predicts Bitcoin has more room to grow as demand rises and supply decreases
In a recent interview with CNBC, Anthony Scaramucci, the founder of SkyBridge Capital, shared his bullish outlook on Bitcoin (BTC), citing increasing demand and decreasing supply as key factors driving the cryptocurrency’s potential for further growth. Scaramucci highlighted the approval of Bitcoin spot market exchange-traded funds (ETFs) as a significant development that has opened up new avenues for capital to flow into the digital asset.
Wall Street’s growing interest in Bitcoin was also emphasized by Scaramucci, who noted that institutional investors are increasingly allocating funds to BTC. With the upcoming halving event, which will cut the issuance of new Bitcoin in half, Scaramucci believes that the supply-demand dynamics will further support Bitcoin’s price appreciation.
Despite Bitcoin’s current price of $69,320, Scaramucci remains optimistic about its future trajectory, suggesting that the cryptocurrency has yet to reach its full potential. As institutional adoption continues to rise and supply constraints come into play, Scaramucci sees Bitcoin as a compelling investment opportunity with significant upside potential.
As the cryptocurrency market continues to evolve, investors are advised to conduct thorough research and exercise caution when considering high-risk investments in Bitcoin or other digital assets. The Daily Hodl does not provide investment advice and encourages individuals to make informed decisions based on their own risk tolerance and financial goals.
