Anthony Scaramucci sees bitcoin's 'fair market value' at $40,000, while ether's should be $2,800.
to Anthony Scaramucci, though, the worst of the bear market is over. The asset might still plunge in the near future, but it should not drop below the $17.5K level, he claimed:
“We believe that the leverage has been blown out of the system. It’s possible for bitcoin to slide, but I don’t think it’s going below the low that was reached for this cycle, which should be at around $17,500.”Scaramucci further argued that based on “adoption, wallet size, use cases, and growth of wallets,” bitcoin’s “fair market value” at the moment is approximately $40,000. Ether, on the other hand, should be worth about $2,800.
“I don’t regret it… To me, short-term is a mistake but remember; everyone is a long-term investor until they have short-term losses. So, I want to measure the bitcoin investment over a four-year interval. I think if you’ve held bitcoin for a rolling four-year cycle, you’ve made money,” Scaramucci said at the time.them to distribute not more than 5% of their total savings in the asset class.
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