Categories: Market

Skybridge Capital Founder: Buy Bitcoin Now Before It Hits $ 500,000

Skybridge Capital founder Anthony Scaramucci said Bitcoin “trades easily at $ 500,000,” noting that investors should buy now, even at current prices.

Scaramucci commented on the US economy, inflation and Bitcoin on Friday. When asked if he would advise people to buy Bitcoin at the current price of around $ 64,000, he was quick to respond:

“Do not worry. I still believe that we are still at the beginning. “

He notes that if Ark Invest CEO Cathie Wood’s prediction is correct and there are “a billion wallets by late 2024 by mid-2025” then:

“These coins trade easily at $ 500,000. Remember, there won’t be enough Bitcoin for every millionaire in society to own 1 BTC.

Wood made his Bitcoin price prediction of $ 500,000 last September, saying that if institutional investors continue to diversify their money into Bitcoin, they will start allocating 5% of their funds.

“JPMorgan says there are $ 49 million millionaires. Hence, there is not enough BTC for every millionaire. So for me this is a very scarce commodity, ”said Scaramucci, adding:

“I’m telling people to own some sats of bitcoin because that’s what an evolving adaptive technology gives you. And the second thing it offers you is potential inflation protection.

I’m trying to do my best to explain to them why they need to own BTC now. “

Join Bitcoin Magazine Telegram to keep track of news and comment on this article: https://t.me/coincunews

Annie

According to Newsbitcoin

Follow the Youtube Channel | Subscribe to telegram channel | Follow Facebook page

CoinX

Recent Posts

Missed the AAVE Bullish Ride? This New Presale Can Turn Your Thousands into Millions

While Aave finds itself in uncertain territory, a fresh face in the crypto scene, Qubetics…

2 hours ago

Dogecoin Price Forecast: Analysts Push For $0.2288 DOGE While This Ethereum Altcoin Eyes 8,000% Gains In The Next 16 Days

Analysts push for a Dogecoin price surge to its $0.2288 yearly high while ETFSwap (ETFS)…

2 hours ago

Below $1 Swift Altcoin Competitor Could Overshadow XRP Price Potential Election Rally 

Discover the promising altcoin under $1 that may outperform XRP amid election volatility and market…

2 hours ago

Polkadot and SP Negócios Collaborate to Enhance Crypto Economy Development

Campinas, Brazil, 5th November 2024, Chainwire

3 hours ago

Terra Shuttle Bridge Has Now Been Disabled

Terra Shuttle Bridge has now been closed, and all remaining LUNC and USTC tokens have…

4 hours ago

FLOKI Announces Dubai Takeover with WAFI Mall Campaign

Miami, Florida, 5th November 2024, Chainwire

5 hours ago

This website uses cookies.