In 2024, would the most valuable cryptocurrency, Bitcoin, do better than other assets? Eccentric American financier Anthony Scaramucci appears to believe so.
The leader of asset management company SkyBridge Capital recently shared an interview with Anthony Pompliano, a passionate supporter of Bitcoin, on the social networking platform X.
Scaramucci emphasised Pompliano’s statement on the latter’s projections for the price performance of cryptocurrencies in the latter half of 2024.
According to Pompliano’s explanation in the interview, when it comes to worldwide liquidity, Bitcoin is often the most vulnerable asset. “I believe that anytime low-cost money enters the system, Bitcoin comes out on top. We seem to have recently undergone a significant regime transition. We were getting closer. Everyone was attempting to remove the system’s liquidity. We’re going to turn around now,” he emphasised.
Pompliano has acknowledged that it is challenging to pinpoint the precise factor driving up the price of Bitcoin. He has also brought attention to the fact that over 50% of Bitcoin is kept for more than a year. Pompliano claims that this is “the best signal.”
Scaramucci recently asserted that the Federal Reserve’s interest rate reductions would have the potential to drive up the price of Bitcoin, as reported by U.Today. He mentioned another potential driver is the implementation of transparent crypto regulations. According to the financier, the most popular cryptocurrency may reach $100,000 this year.
Scaramucci stated earlier this year that he thought Bitcoin would turn into a store of value by 2026.
