Anthony Scaramucci, an American financier, who served as the White House Director of Communications in 2017, has recently predicted that Bitcoin (BTC), the largest cryptocurrency by market cap, will hit $100,000 within 12 to 24 months.
Scaramucci, who is also the head of SkyBridge Capital hedge fund, said this during his recent appearance on CNBC’s Squawk Box. He also disclosed the reason for remaining bullish on Bitcoin (BTC) and Ethereum (ETH).
He said he believes cryptocurrencies will recover from this steep fall if the market players stay prudent in spite of the domination of pessimistic sentiment due to the current market condition.
During the discussion, Scaramucci also compared the current dump to the meltdown of web1 firms in 2000, when virtually all internet company stocks crashed. He then urged investors to remain disciplined in this bear market.
When the host, Andrew Dorkin, asked him about the phrase “buy the dip, he said SkyBridge has leveraged the current dip to acquire more Bitcoin (BTC) and Ethereum (ETH).
"I am encouraged by the fact that #Bitcoin is above 50% of the overall #crypto marketcap right now which is another sign that there's a flight to quality there," says @Scaramucci. "I would recommend people stay disciplined. We have bought more $BTC and $ETH." pic.twitter.com/5gzOytm4N5
— Squawk Box (@SquawkCNBC) June 13, 2022
Scaramucci: Bitcoin (BTC) Will Hit $100,000 Eventually
In the course of the conversation, Scaramucci said he’s pleased with the fact that Bitcoin still dominates the crypto market in terms of capitalization with over 50%.
Scaramucci also showcased his confidence in seeing Bitcoin (BTC) hitting $100,000 within 12 to 24 months. He added that the current weak market has a purchasing potential. He thereby urged investors to keep accumulating to avoid being disappointed later.
It’s worth noting that the market cap of the crypto market dropped below $1 trillion on the 13th of June 2022, after surpassing $3 trillion in November 2021 when Bitcoin recorded its price all-time high of relatively $69,000.
At the time of filing this report, Bitcoin (BTC) is trading at 22,176, with a relatively 7% price downtrend in the last 24 hours.