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Here’s the Signal That Bitcoin (BTC) Is Headed for $500,000, According to Hedge Fund CEO Anthony Scaramucci

Hedge fund veteran Anthony Scaramucci says that Bitcoin (BTC) will hit a six-digit valuation inside the subsequent two years.

In a brand new interview on CNBC, the CEO of worldwide funding agency Skybridge Capital says that the skyrocketing development in the variety of Bitcoin wallets signifies that the flagship cryptocurrency is on monitor to $500,000.

“According to Glassnode, there’s probably 245 million wallets out there or accounts related to Bitcoin. When I made or when Skybridge made its first Bitcoin investment, we were talking about 85 million wallets and that was October-November of 2020, so just think of the spectacular growth of the Bitcoin network.”

Scaramucci says that wallets give an summary of individuals’s belief in Bitcoin.

“As wallets grow and the transactions on the Bitcoin network grow, I think people get more and more confidence in Bitcoin, the ledger of Bitcoin, the accounting of Bitcoin. Somebody like Cathie Wood would say to you, a billion wallets, Bitcoin could easily trade to $500,000 a coin.”

The billionaire is optimistic that the main digital asset might hit $100,000 by 2024.

“I received it incorrect final 12 months as a result of I didn’t anticipate the battle or the elongation of COVID, however I do assume that there’s no motive why Bitcoin, given the means it’s scaling globally and it’s very onerous to eliminate…

Bitcoin’s form of in the system, if you’ll, and it’s one thing as a result of the nature of its decentralization – makes it simple to use round the world.”

At time of writing, Bitcoin is buying and selling for $47,201.10

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Disclaimer: Opinions expressed at The Daily Hodl will not be funding recommendation. Investors ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your personal threat, and any loses you could incur are your duty. The Daily Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital property, neither is The Daily Hodl an funding advisor. Please notice that The Daily Hodl participates in internet online affiliate marketing.


Featured Image: Shutterstock/Alberto Andrei Rosu/S-Design1689

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