Skybridge Capital CEO Anthony Scaramucci says it’s not too late for investors to jump on the Bitcoin BTC/USD boat as major cryptocurrencies near all-time highs. suggested.
What Happened: On Tuesday, Scaramucci, an avid Bitcoin supporter, encouraged those who feel they missed out on the cryptocurrency’s recent surge to think again.
He writes: “If you see Bitcoin hitting new all-time highs and think you’re late to the ride, you’re not. In my opinion, it’s still very early.”
For investors looking to add exposure to Bitcoin, Scaramucci advised MicroStrategy CEO Michael Saylor, “Bitcoin Bull Case” author Vijay Boyapati, and founder Eric Voorhees. Following the insights of influential advocates like him, he urged readers to read a white paper written by pseudonymous creator Satoshi Nakamoto. Cryptocurrency exchange ShapeShift.
SEE ALSO: Coinbase Q3 Earnings Highlights: Revenue Miss, EPS Miss, Transaction Revenue Down from Q2
Why it matters: Scaramucci’s bullish views on Bitcoin are not new. Earlier this month, he revealed that about 55% of his assets are tied up in Bitcoin and that he has yet to liquidate it for profit.
Scaramucci was also preparing to publish his book, The Little Book of Bitcoin, a guide to understanding the financial impact of digital asset technology.
In a recent interview with Reuters, Scaramucci said he expects Bitcoin to reach $170,000 by mid-2026, meaning it will triple in the next 18 to 24 months.
Price Trend: At the time of writing, Bitcoin was trading at $72,354.45, up 0.24% in the past 24 hours, according to data from Benzinga Pro.
What’s next: Anthony Scaramucci and other industry experts like Caitlin Long and Jan Van Eck will discuss digital assets at Benzinga’s Future of Digital Assets event on November 19th. We will discuss the impact of the incoming administration on policy.
Photo by World Economic Forum on Flickr
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