Anthony Scaramucci, founder and CEO of SkyBridge Capital, stated that Bitcoin could reach $170,000. Scaramucci, who participated in a programme on CNBC from the US media, said that Bitcoin is progressing much faster than gold on ETFs.
Sam Bankman-Fried, who received a 20-year prison sentence, deserved this sentence, but the famous investor, who also stated that he felt sorry for him, said in the interview as follows:
“He did in 3 months what gold did in 1 year”
The most important factor in the rise of Bitcoin is of course ETFs. Now Wall Street is also open to Bitcoin ETFs… Frankly, I was surprised that more than $10 billion was invested in the first quarter of the year. Why? Because when the gold ETF first came out, it took 1 year to reach this figure. Bitcoin, on the other hand, did it in 1/4 of the time.
“Halving is still not priced in”
Bitcoin’s new supply of 900 per day will now drop to 450. People were saying ‘ETFs were priced’ before the approval. I didn’t agree with that then either, and now they say ‘Halving is being priced’. No, I don’t agree with that either. Bitcoin has a long way to go. Bitcoin is still in the adoption period. I liken it to the situation of Web1 in 97-98 years.
“I think the price of $170,000 will come”
We are currently in the price discovery period. There will definitely be volatility. Nothing happens overnight, but I think the price will increase significantly. If a person has held Bitcoin for more than 4 years, we see that he has not lost any money or made any losses. As for the price, Bitcoin is making a very serious peak about 18 months after halving. I think this peak will be $170,000. I think Bitcoin will reach here.
“I feel sorry for SBF”
I guess I’m getting softer in my old age. I feel sorry for Sam Bankman-Fried. Yeah, he lied and cheated a lot of people. I look at him and I see a very damaged kid. He’s gonna spend 20 years of his life in prison. I don’t think it’s too much, though, because he broke the law. I feel sorry for him and his family.
“Gary Gensler has actually done crypto a favour”
Gary Gensler approved futures Bitcoin ETFs in 2021. At that time, he could also accept spot Bitcoin ETFs. However, more than 1 year in between revealed the over-leveraged system and scams in the crypto industry. People experienced, lived and saw. Finally, they took precautions. If Spot ETFs had been accepted at that time. It wouldn’t have happened this way. The damage would have been much greater.