'Could bitcoin get to half a million dollars a coin? I believe it will,' said the Skybridge Capital founder. crypto cryptocurrency $BTC
“I thought once you had the bitcoin futures [ETFs], you’d end up with the cash pretty immediately. Too much political headwind for that,” he explained. Instead,got corrected down to the $40,000 level from its all-time high of $68,892 based on data from Bitcoin.com Markets.
Could it get there this year? Yes. Is it likely to get there over two years? I’m very confident of that. But we’ve got some work to do here from a regulatory perspective. Regarding what percentage of a paycheck an average investor should put into bitcoin, Scaramucci advised: “I would pick a number that you are comfortable with and buy a little every month.” He recommends putting between 1% and 4%.
He continued: “I think you’ve got to be part of that. I think it would be a mistake to be under-invested or zero-invested in blockchain and cryptocurrency.”Scaramucci also commented on how high the price of bitcoin could reach long term, reiterating his previous prediction thatNoting that “This is early adopting technology,” the Skybridge Capital executive warned: “This will be very volatile. There’ll be periods of time where bitcoin will crash, down 50 plus percent.
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