Donald Trump’s former communications director Anthony Scaramucci predicts Bitcoin price could hit $100,000 by 2022
Bitcoin price current bull run, pushing the price up by more than 350% over the last year, has seen a host of big names flocking to cryptocurrencies. The Bitcoin price soared to almost $50,000 this week after Elon Musk’s Tesla announced it had bought $1.5 billion worth of BTC – pushed still higher by surprise support from the oldest U.S. bank. Now, hedge fund manager Anthony Scaramucci, whose infamous 2017 tenure as Donald Trump’s communications director lasted just 11 days, has predicted the huge BTC price rally could have a lot further to run.
Donald Trump’s former communications director Anthony Scaramucci
Donald Trump’s former communications director Anthony Scaramucci predicts Bitcoin price hit $100,000 by 2022
Scaramucci made headlines at the beginning of this year when he announced his New York-based fund of hedge funds, Skybridge Capital, had started the Skybridge Bitcoin Fund—calling bitcoin still in its early innings.
Scaramucci said he believes money manager performance will eventually be benched off of bitcoin, helped by the likes of Tesla and Jack Dorsey’s payments company Square adding Bitcoin to their books.
He stated:
“You’re going to be benchmarked off of bitcoin, meaning in your mosaic of stocks and bonds and alternatives and gold, there’ll be a few percentage points related to the digital currency. Bitcoin could easily trade at $100,000 in the next 12 months. If you’re not going to be an investor in bitcoin you’re effectively short Bitcoin.”
Scaramucci said he believes a billion people will be using Bitcoin in five years.
The SkyBridge Bitcoin fund is heading towards $100 million in assets under management, according to Scaramucci, who thinks bitcoin has a very big future. Earlier this month, Scaramucci told Forbes SkyBridge put more than three years of research into its bitcoin fund.
Scaramucci’s belief in bitcoin comes after the financial services industry has begun to warm to bitcoin and cryptocurrencies in recent months, with interest from the likes of Wall Street giants JP Morgan and Citibank bolstering support from PayPal and Visa.
Bitcoin surge into uncharted territory has been helped by a number of high-profile investors, including the famed Paul Tudor Jones, naming bitcoin as an emerging inflation hedge last year.
You can see the BTC price here.
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