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The founder of Skybridge Capital stated that Bitcoin is “easy to trade at a price of $500,000 per coin” and pointed out that investors should buy some immediately, even at the current price. “I’m trying to explain to them why they need to have this now,” he said, emphasizing that we are still “very, very early.”
“These coins are easy to trade at a price of $500,000 each”
Anthony Scaramucci, founder and managing partner of Skybridge Capital, a New York City investment company, commented on the U.S. economy, inflation and Bitcoin on Friday. Scaramucci briefly served as the head of communications for the White House during the Trump administration in July 2017.
Someone asked him whether he would recommend people to buy Bitcoin at the current price of approximately $64,000. Scaramucci immediately replied: “There is no doubt.”
At present Bitcoin Price level, he said, “I still believe that we are very, very early.” He pointed out that if Ark Invest CEO Cathie Wood is correct and “there will be 1 billion wallets by the end of 2024 to mid-2025”, he Expected:
These coins are easily traded at a price of $500,000 each. Remember, you don’t even have enough Bitcoins for every millionaire in our society to earn a coin.
September, Wood double About her Bitcoin price prediction of $500,000. “If we are right and the company continues to distribute cash to things like Bitcoin, institutional investors will start to allocate 5% of their funds to… Bitcoin or other cryptocurrencies,” she said. ” We believe that the price will be 10 times the original price. Today…more than $500,000.”
“JP Morgan Chase stated that there are 49 million millionaires in US dollar legal tender,” Scaramucci added. “You’re not even enough [for each millionaire]So, for me, I think this is a very scarce property. “
He further explained that given the rising inflation concerns: “I tell people to hold a bit of Bitcoin because it provides you with an ever-evolving adaptive technology. The second thing it offers you is a potential inflation hedge.” He continued:
This is very, very early for people. I am trying my best to explain to them why they need to have this now.
What do you think of Scaramucci’s suggestion? Let us know in the comments section below.
Image Source: Shutterstock, Pixabay, Wikimedia Commons
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