Anthony Scaramucci, CEO and founding father of SkyBridge Capital, thinks Bitcoin (BTC) can reach $100,000 earlier than the tip of the 12 months, primarily because of the exponential progress in demand each month.
“The bottom line is you have the limited and fixed supply of Bitcoin and you have every month exponentially more demand,” Scaramucci informed Cointelegraph in an unique interview. “As long as I see that, I see those prices rising. So, we’re going to stick with the $100,000 price target,” he defined.
Once a Bitcoin skeptic, Scaramucci launched SkyBridge Capital’s first BTC fund final 12 months with a $25 million greenback funding. Since then, the agency has been steadily accumulating the digital gold.
“We now have probably $650 to $700 million dollars worth of Bitcoin across our product portfolio,” stated Scaramucci.
Scaramucci is a long-term believer in Bitcoin, and he is satisfied that the primary cryptocurrency is rising sooner than tech giants like Google, Facebook and Amazon. Thi is why he believes Bitcoin will reach 1 billion customers by 2025.
“This is a technology and a product of the future, and the future is going to come more quickly than people expect.”