Hedge Fund Veteran Anthony Scaramucci Says Bitcoin Will Likely Break New All-Time Highs by End of Next Year

SkyBridge Capital CEO Anthony Scaramucci is predicting the crypto king Bitcoin (BTC) will reach new all-time highs by this time next year.

In a new interview with CNBC, Scaramucci says Bitcoin will eventually pass its all-time high of $69,000.

When asked how the possibility of a BTC exchange-traded fund (ETF) could affect Bitcoin’s future price, Scaramucci responds:

“I’ve been embarrassed by my predictions in the past. I would’ve thought [BTC] would’ve gotten to a hundred thousand by the end of 2022. If you recall, in November of 2021, we got the Bitcoin futures ETF buy-in, and so I thought that was gonna come. Skybridge filed for a cash Bitcoin ETF. It was rejected alongside Fidelity and many other players. We’ve elected not to do that now because of the competition, so a lot of this stuff got dragged out because of the regulation. 

If you’re asking the question ‘will Bitcoin get through its all-time high?’, I believe it will. I don’t know when. There could be some selling pressure, sort of that ‘buy on the rumor, sell on the news’ in the beginning part of the quarter, but if you’re asking about year-end, and I’m hoping you’ll invite me back – I think we’ll be through the all-time high. But I’ve been embarrassed by my predictions before, so I’m a little hesitant. A little gun-shy.”

BTC is worth $41,871 at time of writing, down 4% in the last 24 hours.

Last month, Scaramucci predicted Bitcoin and Ethereum (ETH) would rally as the Federal Reserve appeared poised to halt rate hikes, easing pressure on risk assets. He said he expects an uptrend fueled by the potential U.S. Securities and Exchange (SEC) approval of an ETF and Bitcoin’s upcoming halving in April.

 

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