SkyBridge Capital founder Anthony Scaramucci said that Bitcoin is “still very young” in terms of adoption and predicted significant long-term growth despite its current volatility and recent price fluctuations influenced by global events. However, he remains optimistic about its future, especially with institutional interests such as spot Bitcoin ETFs and potential involvement from wirehouses and the 401k market. Bitcoin to $200kScaramucci predicted that Bitcoin’s value could surge 3x to 4x in the months after the halving based on its historical performance over the past 15 years. He suggested that Bitcoin could similarly reward long-term investors who are willing to endure the price swings. He added:“In a rolling four-year period, no one has ever lost money in Bitcoin.”Furthermore, Scaramucci touched upon the growing influence of ETFs in Bitcoin ownership and price discovery.

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