Anthony Scaramucci: Now is The Time to Buy Bitcoin
According to Anthony Scaramucci, the founder of SkyBridge Capital fund, once Bitcoin reaches a value above $50,000, it should serve as a signal for more aggressive investors to enter the market.
With their increased investment, they could potentially drive the price of the cryptocurrency even higher. As the market has shifted to a long bullish phase, Scaramucci believes that it is important for investors to continue buying Bitcoin.
He also notes that the upcoming rate cut by the Federal Reserve in March will make both IT company shares and Bitcoin more attractive for investment.
The recent introduction of exchange-traded crypto funds (ETFs) in the American market further suggests that there is a growing interest from large capital to invest in Bitcoin.
Scaramucci predicts that the value of Bitcoin will exceed $170,000 by mid-2025, with the upcoming April halving set to serve as another trigger for a rally in price.
