Anthony Scaramucci Says Bitcoin 50% Undervalued, Predicts One Catalyst Will Trigger ‘Explosive Returns’ for BTC
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The CEO of hedge fund SkyBridge Capital Anthony Scaramucci believes that Bitcoin (BTC) is currently undervalued. Scaramucci says in a new Bloomberg interview that the crypto market is “overshot to the downside” after the FTX debacle last year. According to the SkyBridge Capital CEO, Bitcoin should be currently worth approximately $40,000 – about 46% lower than the current level. “A lot of things happened last year. You’re mentioning the Sam Bankman-Fried thing. It was almost like if John Meriwether and Bernie Madoff had a baby, it was Sam Bankman-Fried. You got everything in that story. You got fraud, you got
Bitcoin has been doing quite well over the past few weeks. The currency has already jumped up by about $5,000 since the end of 2022, which will likely go down as one of the most disastrous periods for the world’s number one digital currency by market cap. The asset is…
SkyBridge Capital founder Anthony Scaramucci believes Bitcoin remains in a normal cyclical correction and has not broken its long-term bullish structure. Speaking during a CNBC interview, Scaramucci argued that Bitcoin’s recent price action closely mirrors the historical four-year market cycle driven by halving events. Visit Website Go to Source Author:…