SkyBridge Capital founder Anthony Scaramucci is confident that the worst of the crypto bear market is behind us.
“If you have Bitcoin, I wouldn’t sell it. You survived the winter. […] The next 10–20 years will be surprisingly bullish,” the expert said.
He believes that the younger generation will make Bitcoin super popular, as happened with the Internet in its time. Scaramucci pointed to the presence of “headwinds” for BTC in the macroeconomic environment. We are talking about high interest rates, the actions of SEC head Gary Gensler and the general negative background from the authorities around the adoption of crypto assets.
Scaramucci believes that bitcoin can offer more opportunities than gold. In his opinion, the introduction of BTC-ETF will help the global adoption of cryptocurrencies.
“Every Wall Street firm will have a Bitcoin ETF in their arsenal. When Wall Street has something in their arsenal, they sell it to their customers. The market is going to expand,” said the founder of SkyBridge.
Previously, Scaramucci criticized Gary Gensler, emphasizing that he had not lost his enthusiasm for Bitcoin. The investor insists that BTC be classified as a commodity and not subject to SEC regulation.
Meanwhile, cryptanalyst CryptoCon believes that now the behavior of the first cryptocurrency may indicate a pattern that is similar to the market period of 2015. And this could be a prerequisite for future record growth.
According to the analyst, by 2025, Bitcoin could reach a new all-time high in the range between $90,000 and $130,000.
What do you think about the prospects of the main crypto coin?