Bitcoin is expected to undergo its fourth halving in April this year. Looking back at the previous three halvings, the price of Bitcoin has always seen a significant surge. Anthony Scaramucci, the founder of Skybridge Capital, recently predicted that after this halving, Bitcoin will soar to at least $170,000 and could even reach $400,000 in the future. The launch of the first Bitcoin ETF in the United States has also been a catalyst for Bitcoin, potentially overthrowing the dominance of the US dollar. With only about 82 days left until the halving, based on historical data, Scaramucci believes that the price of Bitcoin could reach $170,000 after 18 months if the price at the halving is $35,000, $200,000 if the price is $50,000, and $240,000 if the price is $60,000. He further predicts that the market value of Bitcoin could easily reach half of the value of gold, meaning the price of Bitcoin could soar to $400,000 and its market value could increase tenfold. It is worth noting that while the evidence supporting the impact of halvings on Bitcoin’s price is not entirely clear, past halvings have consistently led to significant price increases, albeit with a delay of several months to a year and a half. Scaramucci also praised BlackRock’s shift in stance towards Bitcoin, particularly their approval of a Bitcoin ETF, and noted that he was the first external investor in BlackRock’s Bitcoin ETF.
“80 Days Countdown to Halving: Skyrocketing Fourfold! Goldman Capital Forecasts Bitcoin to Reach $400,000 in the Long Term”
2 Mins Read
Related Posts
Add A Comment