Anthony Scaramucci Still Believes Bitcoin Will Hit $100,000 by Year-End Despite Recent Troubles

Scaramucci's comments come as Bitcoin has struggled for the better part of the past two months. The price index has fallen below $55,000 multiple times

Skybridge Capital CEO Anthony Scaramucci still believes that Bitcoin will reach $100,000 by the end of the year.

Scaramucci's comments come as Bitcoin has struggled for the better part of the past two months. The price index has fallen below $55,000 multiple times due to significant selling pressure in the market, which is largely attributed to Mt. Gox repayments and German government liquidations.

However, Scaramucci remains unfazed, telling CNBC that he still believes Bitcoin could easily reach triple digits within the next few months. This would be a significant price breakout, considering the digital currency is currently languishing below $60,000.

“We still love the fundamentals of Bitcoin long-term. And I do think, as I said, it’ll be $170,000 post-halving, but I think you can get to $100,000 by year-end, but it has to chug through this slog right now.”

Scaramucci is especially big on the FTX settlement, which is set to positively impact the crypto market. The defunct exchange will pay this huge amount in cash to its affectees in the form of fiat, and one can expect that a large chunk of it will find its way back to the crypto market.

“FTX is going to be releasing shortly $16 billion roughly of cash to investors that had their accounts at FTX. And so that’s very good news for Bitcoin holders.”

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