Bitcoin Regains Momentum, Skybridge Founder Anticipates $200,000 Post-Halving

By: Eva Baxter

Following a dip in crypto and high-risk assets due to Iran's aggressive actions against Israel, Bitcoin rebounded to exceed $62K, indicating a possible calming in the crypto market. Concurrently, Skybridge Capital's Founding Partner, Anthony Scaramucci, in a recent htmlinterview predicted the Bitcoin price could rocket to $200,000 post-halving.

Scaramucci discussed the impact of unpredictable incidents like wars or potential terrorist attacks, acknowledging these could lower Bitcoin's value briefly. However, the investment expert emphasized the persistent demand force propelling Bitcoin's price. He cited the emergence of htmlfinancial products like ETFs and increasing interest from institutional investors as contributing factors.

Despite concerns over ETFs leading to Bitcoin ownership centralization, Scaramucci dismissed such fears, insisting ETFs' role is significant in widening Bitcoin's investor base. Drawing parallels with the dot-com era, he compared Bitcoin's trajectory with iconic tech stocks like Amazon, underlining Bitcoin's resilience and long-term investment potential.

As of now, Bitcoin's price is back above $64,000, suggesting robust market responses to geopolitical influences and the anticipated impacts of financial products.