Former White House Chief Predicts: Bitcoin Will hit $100k Within 12 to 24 months

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).

Read Also: PwC Study: Majority of Crypto Hedge Fund Managers Remain Bullish On Bitcoin Despite Current Market Downturn

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).

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.

Read Also: CEO of $80 Billion Asset Manager Says Bitcoin (BTC) Will Reach $250k but Could Take Decades

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.

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