The founder of the investment company Skybridge Capital Anthony Scaramucci said that it is profitable to buy bitcoin at the current price, because soon it will cost $ 500,000.
Anthony Scaramucci reported on Friday on CNBC that the market is still in the early stages of growth. According to him, if the predictions of Ark Invest CEO Catherine Wood (Catherine Wood) come true, and in the period from the end of 2024 to mid-2025 there will be “a billion wallets” in the world, then bitcoin will be sold at a price of $ 500,000 per coin.
“Wood doubled her bitcoin price prediction to $ 500,000. If we are right and companies continue to diversify their portfolios, then institutional investors will start investing 5% of their funds in bitcoin or other cryptocurrency. We believe that the price of bitcoin will be ten times higher than it is today. ”
The head of Skybridge Capital noted that, according to JPMorgan, the number of millionaires with capital in US dollars is 49 million. Thus, there will not be enough bitcoins for every millionaire, so this cryptocurrency is “a very rare property.” Scaramucci suggests using bitcoin as a protection against developing inflation and an investment in promising technology:
“I advise people to own a small amount of bitcoin because cryptocurrency offers an adaptive technology that is evolving. The second thing it offers you is potential inflation insurance. ”
Scaramucci said earlier that many investors are still difficult to convince them to pay attention to Bitcoin. However, he said, large investors such as Ray Dalio, Paul Tudor Jones and Stanley Druckenmiller have studied the issue and have come to the conclusion that they need to have bitcoin in their portfolio.
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