Anthony Scaramucci advises investors to buy bitcoin, claiming it will reach $500,000

Anthony Scaramucci of Skybridge Capital is making headlines in the bitcoin market once again. This time, it’s with bitcoin’s expected value, which he estimates to be among the biggest ever seen in the field. 

Investing in bitcoin was a no-brainer for Scaramucci, who has a personal and corporate stake in the digital commodity.

The CEO is currently speaking with investors from all over the world.

Now is the time to purchase Bitcoin

Scaramucci has pushed investors to buy bitcoin, despite the fact that its present price is considered to be exorbitant. He explains that bitcoin is just about to reach its apex. 

As a result, this is an excellent time for investors to enter the digital asset market. “I still feel we are very, very early,” Scaramucci said, adding that getting into bitcoin is a necessity. He said that even investors that buy at current prices are still very early.

This opinion is widespread in the bitcoin world, with the majority of analysts predicting that the asset will be worth $100,000 by the end of the year. 

BTC is valued at $500,000 per coin, based on ARK Invest CEO Cathie Wood’s projection that the currency will have over a billion wallets by the middle of 2025.

Bitcoin is rare

“Each of these coins is easily worth $500,000. Remember that you do not have enough bitcoin to pay one coin to each millionaire in our society,” Wood said.

Wood, who has stated her position on the topic numerous times during the year, has made the same forecast. This pricing point will be reached in the next five years, according to the CEO, who is known for taking investment risks.

Scaramucci also mentioned bitcoin’s scarcity. No matter what the price is, the asset will only ever have 21 million coins, according to the CEO, who added, “You don’t even have enough for each millionaire… As a result, I believe this is a highly rare property.”

 

Image courtesy of Cointelegraph News/YouTube

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