Anthony Scaramucci, the CEO of SkyBridge Capital and a fervent Bitcoin believer, is urging investors to consider getting on board with the leading cryptocurrency despite its recent surge. He argues that Bitcoin is still in its early stages of development and that there’s plenty of opportunity for growth.
In a tweet on Tuesday, Scaramucci addressed those who might be feeling like they’ve missed the boat, saying, “If you’re watching #Bitcoin make new highs and thinking you missed the boat – you didn’t. It’s still VERY early, in my opinion.” He further encouraged investors to research Bitcoin’s underlying technology by reading the whitepaper authored by the pseudonymous creator Satoshi Nakamoto. He also recommended following insights from influential figures like MicroStrategy CEO Michael Saylor, Vijay Boyapati, author of “The Bullish Case for Bitcoin,” and Erik Voorhees, founder of the cryptocurrency exchange ShapeShift.
Scaramucci’s bullish stance on Bitcoin isn’t new. Earlier this month, he disclosed that approximately 55% of his personal wealth is invested in Bitcoin and that he hasn’t sold any of his holdings despite its recent gains. He’s also gearing up to release his book, “The Little Book of Bitcoin,” aimed at providing a guide to understanding the implications of digital asset technology on the financial landscape.
In a recent interview with Reuters, Scaramucci predicted Bitcoin’s price to reach $170,000 by mid-2026, representing a threefold increase over the next 18-24 months.
At the time of writing, Bitcoin is trading at $72,354.45, up 0.24% in the past 24 hours. Scaramucci and other industry experts like Caitlin Long and Jan van Eck will be discussing the impact of the incoming administration on digital asset policy at Benzinga’s Future of Digital Assets event on November 19. This event will offer valuable insights into the future of the cryptocurrency industry and the potential regulatory landscape.
