The future price and valuation of Bitcoin is a hot topic of debate, with varying predictions from different camps. One sentiment is maintained by most, though, and that is the fact that the cryptocurrency is going to trade at a much higher valuation than it is currently. Skybridge Capital CEO Anthony Scaramucci shares this sentiment, predicting that the Bitcoin market cap will eventually reach half of the gold market cap.
Batting For Bitcoin To Capture 50% Of Gold Market Cap
Anthony Scaramucci has long been a proponent of Bitcoin and has been very vocal about his support for the coin. Once again, the Skybridge Capital CEO has come forward to reiterate his stance on Bitcoin, giving a prediction for where he expects the price to go in the future.
Scaramucci told CNBC in an interview that he expects the price of Bitcoin to eventually touch $170,000. Not only that, he said that he expects that the Bitcoin market cap will someday reach 50% of the gold valuation.
The CEO explain
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