SkyBridge’s Scaramucci sees bitcoin over US$170,000 by 2025

Posting this as an ICYMI on a forecast for main crypto Bitcoin from hedge fund SkyBridge’s Anthony Scaramucci.

He says that “If bitcoin’s at $45,000 on the halving, where it roughly is right now, it’ll be $170,000 by mid- to late 2025”.

  • “Wherever the price is on the day of the halving in April, multiply it by four, and it’ll reach that price in the next 18 months,”

The Mooch was talking within the Swiss ski resort of Davos, report comes through Reuters.

‘Halvening’ (some name it ‘halving’):

  • halvening cuts in half the quantity of tokens that Bitcoin miners obtain as reward for his or her work
  • this occurs each 4 years
  • due subsequent round April 2024
  • is a part of the method of capping Bitcoin provide at 21 million tokens

I ponder if the Mooch is speaking his ebook?