Anthony Scaramucci Says Bitcoin Is Still 'Very Early' as BTC Surpasses $73,000

Anthony Scaramucci, founder of SkyBridge Capital, recently stated that Bitcoin is still "very early." "If you’re watching #Bitcoin make new highs and thinking you missed the boat - you didn’t," he said.

Anthony Scaramucci, founder of SkyBridge Capital, believes that Bitcoin (CRYPTO: BTC) is still in its early stages and has encouraged potential investors to read the Bitcoin white paper.

"If you’re watching #Bitcoin make new highs and thinking you missed the boat - you didn’t," he said in a recent tweet.

Scaramucci highlighted the importance of listening to prominent Bitcoin evangelists, such as MicroStrategy (NASDAQ:MSTR) co-founder Michael Saylor and ShapeShift founder Erik Voorhees.

"Read the white paper. Listen to Saylor, Voorhees, etc," he added.

Scaramucci's statement comes as Bitcoin price soared past the $73,000 level for the first time in months on Tuesday. Bulls are now eyeing a new record high for the world's largest cryptocurrency.

As reported by U.Today, Scaramucci had earlier predicted that the Bitcoin price would rally following the Federal Reserve's rate cut.

"When the Fed pivots and cuts rates, which I think will happen by the end of the year, Bitcoin will go to new highs. I think we'll be talking about Bitcoin at $70,000, $80,000, and maybe even $90,000," he said.

Related: Anthony Scaramucci Predicts Bitcoin Price Skyrocketing Past $70,000 After Fed Rate Cut

Last year, the SkyBridge Capital boss predicted that Bitcoin could reach as high as $750,000 by the end of the year.

Scaramucci also expressed his belief that Bitcoin could become a full-fledged store of value by 2026.

"I think Bitcoin will become a store of value over the next five years. It will be used as an inflation hedge and a way to store wealth. I think it will be interesting to see how the government reacts to this," he said.

Scaramucci's ambitious price target pales in comparison to the astronomical prediction that was recently made by MicroStrategy's Saylor.

The latter has forecasted that the Bitcoin price could skyrocket to $13 million by 2045.

"I think that Bitcoin will be worth $13 million by 2045. This is based on my analysis of the stock-to-flow model, which has been used to predict the price of gold and other precious metals," Saylor said.

As for this year, Fundstrat's Tom Lee has repeatedly predicted that Bitcoin could reach $150,000 in 2024.

"I think Bitcoin could reach $150,000 in 2024. This is based on my analysis of the Bitcoin halving cycle, which has seen the price of Bitcoin rally following each halving event," Lee said.

Bitcoin price today: live tracking and analysis

At the time of writing, Bitcoin is trading at $71,966, having dipped by 2% over the past 24 hours.

However, the world's largest cryptocurrency is still up by 31% over the past seven days.

Bitcoin price dropped below $72,000 on Tuesday evening following a brief rally that saw the cryptocurrency reach highs of nearly $73,500.

The price of Bitcoin has been volatile in recent weeks, largely influenced by macroeconomic factors, such as the Federal Reserve's monetary policy, inflation and interest rates.

Bitcoin price soared past the $70,000 level for the first time in months last week, following the news of the Federal Reserve's rate cut.

"When the Fed pivots and cuts rates, which I think will happen by the end of the year, Bitcoin will go to new highs. I think we'll be talking about Bitcoin at $70,000, $80,000, and maybe even $90,000," Scaramucci said.

notable google searches for bitcoin are still extremely low compared to previous bull runs despite the fact that the cryptocurrency is just a hair's breadth away from its record high.

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