CEO of SkyBridge Capital, Anthony Scaramucci, has joined the league of Bitcoin fans who believe that the flagship crypto asset can reach the $100k mark by the end of the year, considering its exponential monthly growth.
In an exclusive interview, Scaramucci said that “The bottom line is you have the limited and fixed supply of Bitcoin, and you have every month exponentially more demand,” he added that “As long as I see that, I see those prices rising. So, we’re going to stick with the $100,000 price target.”
Last year marked the main entry of Scaramucci into the Bitcoin market when the CEO, who was once a Bitcoin Skeptic, launched SkyBridge Capital’s first BTC fund. The crypto asset fund has now grown and now holds as much as “$700 million worth of the digital asset.”
The asset manager also believes that the future of the digital asset is bright, saying it could come to rival tech giants like Google, Facebook and even Amazon.
Interestingly, Scaramucci is not the only person within the crypto community who has expressed this view; several other market leaders have also predicted that the flagship crypto-asset could reach $100k before the end of the year.