A top executive of a New York-based global investment firm made an audacious claim that Bitcoin breaching the six-figure price will happen very soon. SkyBridge Capital founder Anthony Scaramucci asserted that in the next two years, BTC will be traded at $176,000, joining other crypto investors who believe that the oldest cryptocurrency is ripe for a six-figure price per coin.
Scaramucci praised the alpha crypto asset for sustaining a price surge in a short period, adding that he foresees the digital asset surging even further in the next two years. His statement was timely, as BTC today regained its momentum and once again hit the $70,000 level after scaring many investors as the digital asset slid further down to $68,000 yesterday.
According to Scaramucci, he has an ambitious prediction for Bitcoin, saying that by mid-2026, the cryptocurrency will be traded at $176,000. In the previous days, several notable crypto personalities shared the same vision with Scaramucci of the likelihood that BTC would hit the six-figure mark. One of them even predicted a price of $220,000.
The SkyBridge founder explained that the cryptocurrency could experience a threefold rise in its price in 18 to 20 months, stating that the rally is highly plausible due to the growing demand for the coin, while the supply remains fixed. This combination is the right ingredient for an exponential price uptick. BTC is currently trading at $69,155.
Scaramucci is among the few known crypto investors who announced their support for the presidential candidacy of current US Vice President Kamala Harris. He disclosed in previous interviews that Harris would be endorsing Bitcoin once elected to the White House. The SkyBridge managing partner has been working closely with Harris’s camp to craft policies that will allow cryptocurrency to thrive under her administration. He added that there had been development in Harris’s crypto agenda, which he plans to reveal soon.
In a separate interview, Scaramucci supported the relationship between gold and Bitcoin, saying that BTC is comparable to gold as an asset. He described the firstborn virtual coin as the digital gold of the cryptocurrency world. He noted that other leading financial experts, including BlackRock CEO Larry Fink, also believe in the Bitcoin-gold comparison, predicting that BTC would reach half of gold’s market cap. He suggested that it would take Bitcoin about 10 years to attain such a milestone, which would greatly benefit its investors since they would get a tenfold return on their BTC investments.
At the time of writing, gold is being traded at $2,754 per ounce, a new all-time high, and boasts a market cap of $18.494 trillion.
