{"id":467068,"date":"2021-07-07T23:00:04","date_gmt":"2021-07-07T23:00:04","guid":{"rendered":"https:\/\/wncen.com\/?p=467068"},"modified":"2024-06-11T13:56:53","modified_gmt":"2024-06-11T13:56:53","slug":"100000-bitcoin-price","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/100000-bitcoin-price\/","title":{"rendered":"I Stand By My $100,000 Bitcoin Price Target, Anthony Scaramucci"},"content":{"rendered":"

Anthony Scaramucci has again reiterated his stand on why he thinks bitcoin will still hit the $100,000 price target he had earlier set. Scaramucci had put forth this forecast when he was on Yahoo! Finance<\/a> earlier in the year. The founder explained that bitcoin could easily be trading at $100,000 in 12 months.<\/p>\n

Anthony Scaramucci who founded Skybridge Capital in 2005 has not always been bullish on bitcoin. But has slowly come around over the years and has now gotten into bitcoin. The CEO believes that more and more funds will get into bitcoin as time passes. His message to other money managers had been that he believed the performance of their funds will eventually be benched off of bitcoin.<\/p>\n

Related Reading |\u00a0Bitcoin Whale Warns Of \u201cNovember 2018 Vibes.\u201d What This Means<\/a><\/strong><\/em><\/p>\n

Scaramucci took this one step further when he founded the Skybridge Bitcoin Fund<\/a> early this year. An institutional-grade fund that was created specifically to invest in bitcoin, which it considers to be the largest and most liquid digital asset.<\/p>\n

Although the fund is less than a year old, it has already posted returns of about 50% in the second quarter of the year.<\/p>\n

Bitcoin Still Has Some Growing To Do<\/h2>\n

Bitcoin price has consistently traded for about half its all-time high for the past month. Give or take some price spikes and dips over the weeks pushing it further down or up as the case may be. But the price of bitcoin generally remains on the low side. Despite this, Scaramucci still believes that the price of bitcoin is destined for $100,000 in the next year.<\/p>\n

Related Reading |\u00a0Bitcoin Whales Accumulate 60,000 Bitcoins In A Day. What Happens Now?<\/a><\/strong><\/em><\/p>\n

In the interview, Anthony Scaramucci explained that a leverage blow-off top had happened to coincide with the launch of the famed Coinbase IPO. Alluding to this, he said this made it so that any little bit of bad news in such a leverage system will always result in a price shock in the market.<\/p>\n

Scaramucci went ahead to add that for every bit of bad news surrounding bitcoin that was seen in the market, there has always been some good news. The number of funds coming into the market has increased. With more expected to come in.<\/p>\n

\"Bitcoin<\/p>\n

Bitcoin price breaks $34,000 | Source: BTCUSD on TradingView.com<\/a><\/pre>\n

Adoption news rocked the markets as El Salvador adopted bitcoin as a legal tender<\/a> back in June, with plans to officially implement it in September this year.<\/p>\n

Commenting on the volatility, the CEO said this relates to the level of adoption in the world today. Pointing out that only about 2% of the world currently uses bitcoin.<\/p>\n

Ethereum And Other Altcoins<\/h2>\n

Scaramucci\u2019s faith in the bitcoin market also seems to extend to other digital assets. About a week ago, Scaramucci\u2019s Skybridge Capital had launched<\/a> an Ethereum fund. Following this, the firm had filed for an Ether ETF with the SEC. Alongside an already pending Bitcoin ETF that the firm had filed earlier in the year for its Bitcoin Fund.<\/p>\n

Related Reading |\u00a0Ethereum Tests $2,300 Range As Market Adds $70 Billion<\/a><\/strong><\/em><\/p>\n

The founder has been very optimistic about the success of this Ethereum Fund. Even adding that he believes this fund would be able to raise more than $100 million from investors.<\/p>\n

On top of this, Scaramucci revealed in the interview that he was researching other potential altcoins in order to launch a similar fund. But has so far been conservative due to the incredibly speculative nature of the space.<\/p>\n

\u201cWe are going with the top-tier tokens. I tell clients repeatedly that there\u2019s high risk and volatility in this. We believe that certain tokens will be adapted and very successful. Meaning over the next 20 years, I do believe bitcoin will be with us and scaling. I feel the same way about ethereum.\u201d Anthony Scaramucci, Founder, Skybridge Capital.<\/p>\n

Related Reading |\u00a0Scaramucci\u2019s Skybridge Capital Launches Ethereum Fund<\/a><\/strong><\/em><\/p>\n

Speaking with regards to dealing with the bear market, Scaramucci said that one needs to position size over the long term. According to him, if you\u2019re going to be looking at your portfolio every day, then you probably should not be in the crypto market.<\/p>\n

Featured image from Archyde, chart from TradingView.com<\/pre>\n","protected":false},"excerpt":{"rendered":"

Anthony Scaramucci has again reiterated his stand on why he thinks bitcoin will still hit the $100,000 price target he had earlier set. Scaramucci had put forth this forecast when he was on Yahoo! Finance earlier in the year. The founder explained that bitcoin could easily be trading at $100,000 in 12 months. Anthony Scaramucci who founded Skybridge Capital in 2005 has not always been bullish on bitcoin. But has slowly come around over the years and has now gotten into bitcoin. The CEO believes that more and more funds will get into bitcoin as time passes. His message to other money managers had been that he believed the performance of their funds will eventually be benched off of bitcoin. Related Reading |\u00a0Bitcoin Whale Warns Of \u201cNovember 2018 Vibes.\u201d What This Means Scaramucci took this one step further when he founded the Skybridge Bitcoin Fund early this year. An institutional-grade fund that was created specifically to invest in bitcoin, which it considers to be the largest and most liquid digital asset. Although the fund is less than a year old, it has already posted returns of about 50% in the second quarter of the year. Bitcoin Still Has Some Growing To Do Bitcoin price has consistently traded for about half its all-time high for the past month. Give or take some price spikes and dips over the weeks pushing it further down or up as the case may be. But the price of bitcoin generally remains on the low side. Despite this, Scaramucci still believes that the price of bitcoin is destined for $100,000 in the next year. Related Reading |\u00a0Bitcoin Whales Accumulate 60,000 Bitcoins In A Day. What Happens Now? In the interview, Anthony Scaramucci explained that a leverage blow-off top had happened to coincide with the launch of the famed Coinbase IPO. Alluding to this, he said this made it so that any little bit of bad news in such a leverage system will always result in a price shock in the market. Scaramucci went ahead to add that for every bit of bad news surrounding bitcoin that was seen in the market, there has always been some good news. The number of funds coming into the market has increased. With more expected to come in. Bitcoin price breaks $34,000 | Source: BTCUSD on TradingView.com Adoption news rocked the markets as El Salvador adopted bitcoin as a legal tender back in June, with plans to officially implement it in September this year. Commenting on the volatility, the CEO said this relates to the level of adoption in the world today. Pointing out that only about 2% of the world currently uses bitcoin. Ethereum And Other Altcoins Scaramucci\u2019s faith in the bitcoin market also seems to extend to other digital assets. About a week ago, Scaramucci\u2019s Skybridge Capital had launched an Ethereum fund. Following this, the firm had filed for an Ether ETF with the SEC. Alongside an already pending Bitcoin ETF that the firm had filed earlier in the year for its Bitcoin Fund. Related Reading |\u00a0Ethereum Tests $2,300 Range As Market Adds $70 Billion The founder has been very optimistic about the success of this Ethereum Fund. Even adding that he believes this fund would be able to raise more than $100 million from investors. On top of this, Scaramucci revealed in the interview that he was researching other potential altcoins in order to launch a similar fund. But has so far been conservative due to the incredibly speculative nature of the space. \u201cWe are going with the top-tier tokens. I tell clients repeatedly that there\u2019s high risk and volatility in this. We believe that certain tokens will be adapted and very successful. Meaning over the next 20 years, I do believe bitcoin will be with us and scaling. I feel the same way about ethereum.\u201d Anthony Scaramucci, Founder, Skybridge Capital. Related Reading |\u00a0Scaramucci\u2019s Skybridge Capital Launches Ethereum Fund Speaking with regards to dealing with the bear market, Scaramucci said that one needs to position size over the long term. According to him, if you\u2019re going to be looking at your portfolio every day, then you probably should not be in the crypto market. Featured image from Archyde, chart from TradingView.com<\/p>\n","protected":false},"author":541,"featured_media":467069,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[83804,428,1119,1144,78790,79520],"class_list":["post-467068","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-anthony-scaramucci","tag-bitcoin","tag-btc","tag-btcusd","tag-btcusdt","tag-xbtcusd"],"acf":[],"yoast_head":"\nI Stand By My $100,000 Bitcoin Price Target, Anthony Scaramucci<\/title>\n<meta name=\"description\" content=\"Anthony Scaramucci has again reiterated his stand on why he thinks bitcoin will still hit the $100,000 price target he had earlier set. 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This has seen Best dive into topics in areas such as decentralized finance (DeFi), non-fungible tokens (NFTs), Layer 2 blockchains, etc. In addition to this, Best is a vocal member of the crypto community across various social media platforms such as X and Reddit. Best\u2019s work garners tens of thousands of readers monthly, who rely on the information in these publications to keep up-to-date with everything happening in the crypto community. Best\u2019s articles explore breaking news, intricate systems such as yield farming, liquidity pools, and other decentralized finance (DeFi) systems. This is because Best understands the importance of information to gaining financial freedom and believes that everyone should have access to this information. Best also believes in leveraging the blockchain for philanthropy to create the most positive social impact. This involves work with charitable organizations focused on financial literacy and education. With each article, Best lends a voice to important issues such as a more financially inclusive future, transparent systems for growth and development, and technology that is not self-serving but one that serves all of humanity. When not curating engaging content, Best can be found reading a book with a cup of hot chocolate, enjoying a Netflix series, or exploring the outdoors with Green - the world\u2019s most quiet and well-behaved Husky. Best\u2019s interests also span other industries such as art, finance, and security, attending seminars and conferences in not just the crypto industry but other industries as well. As an animal lover, Best is also involved with charities for animals, local shelters, and rescues. Best is also involved in local events that promote inclusivity, such as being a prominent member of hiking clubs and a cycling club, as well as being a part of a very happy group of animal lovers. Best is a true professional in every sense of the word, with an exceptional dedication to producing high-quality work. This shines through in Best's work on and off the clock. These include advocating for inclusive crypto education for all, the impact of financial illiteracy, and the benefits of adopting new technologies such as cryptocurrencies. Best\u2019s prolific career in the media industry is a testament of how hard work and dedication pays.","sameAs":["https:\/\/www.linkedin.com\/in\/best-owie-41a150178\/","https:\/\/x.com\/https:\/\/twitter.com\/BestOwie"],"url":"https:\/\/wncen.com\/author\/owiebest\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"I Stand By My $100,000 Bitcoin Price Target, Anthony Scaramucci","url":"http:\/\/wncen.com\/news\/100000-bitcoin-price\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/100000-bitcoin-price\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/07\/Scaramucci.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/07\/Scaramucci.jpeg?fit=1000%2C563"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Best Owie"}],"creator":["Best Owie"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["anthony scaramucci","bitcoin","btc","btcusd","btcusdt","xbtcusd"],"dateCreated":"2021-07-07T23:00:04Z","datePublished":"2021-07-07T23:00:04Z","dateModified":"2024-06-11T13:56:53Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"I Stand By My $100,000 Bitcoin Price Target, Anthony Scaramucci\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/100000-bitcoin-price\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/100000-bitcoin-price\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/07\\\/Scaramucci.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/07\\\/Scaramucci.jpeg?fit=1000%2C563\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Best Owie\"}],\"creator\":[\"Best Owie\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"anthony scaramucci\",\"bitcoin\",\"btc\",\"btcusd\",\"btcusdt\",\"xbtcusd\"],\"dateCreated\":\"2021-07-07T23:00:04Z\",\"datePublished\":\"2021-07-07T23:00:04Z\",\"dateModified\":\"2024-06-11T13:56:53Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/07\/Scaramucci.jpeg?fit=1000%2C563","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/467068"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/541"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=467068"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/467068\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/467069"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=467068"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=467068"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=467068"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}