Anthony Scaramucci, the CEO of investment firm SkyBridge Capital, has made a bold prediction: Bitcoin could hit $150,000-$200,000 as the total number of Bitcoin wallets approaches one billion.
During an interview with Schwab Network, Scaramucci, a known advocate for cryptocurrencies, highlighted Bitcoin’s potential as a digital store of value. He believes its market capitalization should ideally trade close to gold, its perceived real-world counterpart, which currently has a market value of $17 trillion.
Despite acknowledging that regulatory hurdles and the ‘regulation by enforcement’ approach have slowed Bitcoin’s growth, Scaramucci remains optimistic. He cited the year-long delay of spot Bitcoin ETFs as an example of this regulatory challenge. However, he believes that as the number of Bitcoin wallets increases, the price will surge.
Scaramucci’s latest prediction echoes his earlier forecast from last month, where he projected Bitcoin to reach $100,000. This bullish outlook highlights the potential of Bitcoin as a digital store of value and its growing acceptance within the global financial landscape.
Currently, there are approximately 200 million Bitcoin wallets, according to Buy Bitcoin Worldwide estimates. As the number of wallets continues to grow, Scaramucci believes it will propel Bitcoin towards its price target.
It’s important to note that Scaramucci’s prediction is just one perspective, and the price of Bitcoin is subject to various market factors, including regulations, adoption, and investor sentiment. However, his confidence in Bitcoin’s future underscores the ongoing interest and potential of this digital asset.
At the time of writing, Bitcoin is trading at $57,170.86, up 1.53% in the last 24 hours.
