SkyBridge Capital founder Anthony Scaramucci has named the reasons why Bitcoin could reach a new all-time high in the next six months.

According to Anthony Scaramucci, despite temporary downturns in the crypto market, the basic principles of Bitcoin remain unshakable, so in the long term, the first cryptocurrency should only grow. The impetus for Bitcoin growth could be the upcoming payment of $16 billion to clients of the bankrupt crypto exchange FTX. The founder of SkyBridge Capital explained that a significant part of these funds will be invested in Bitcoin, and this will significantly increase the market performance of the cryptocurrency.

“I think that after the April halving, the Bitcoin price will strive to reach the peak of $170,000, and by the end of the year we will see it at the $100,000 mark,” Scaramucci said.

The businessman also suggested that the changing political landscape could have serious implications for the regulation of digital assets in the United States. According to him, the Democratic Party’s reluctance to embrace cryptocurrencies could alienate many voters who own digital assets. Meanwhile, Republican presidential candidate Donald Trump has promised that the crypto industry will have a bright future if he wins the election.

Scaramucci recently suggested that Bitcoin could account for 3% of large investors’ investment portfolios, which would further increase demand for Bitcoin.