According to Anthony Scaramucci, it does not matter at what price you bought Bitcoin, as the cryptocurrency could reach $300,000 within the next six years.
During his recent CNBC appearance, American investor Anthony Scaramucci suggested that the price of Bitcoin could eventually skyrocket to $300,000, reported to U.Today. According to him, that is why, at the moment, it does not matter whether you bought the cryptocurrency for $20,000 or $60,000. Scaramucci believes that Bitcoin will be able to achieve a super-bullish price target within the next six years.
Scaramucci’s cryptocurrency value assumptions should be considered with caution, as he has already made bold price predictions and was wrong. He had previously assumed that Bitcoin would reach $100,000 by the end of 2021 due to growing demand from financial institutions, but obviously, he was wrong.
However, his main mistake was betting on the flagship cryptocurrency in the short term. At the end of July, Scaramucci admitted that this was a mistake. The investor remains optimistic about the largest cryptocurrency in the long term.
Scaramucci recently opined that the US Federal Reserve could adopt a less aggressive rate hike policy towards the end of the year, which would help push the price of Bitcoin higher. He repeatedly compared buying Bitcoin to buying Amazon stock during the dot-com bubble of the late 1990s.
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About the Author
Eva Fox joined Tesmanian in 2019 to cover breaking news as an automotive journalist. The main topics that she covers are clean energy and electric vehicles. As a journalist, Eva is specialized in Tesla and topics related to the work and development of the company.