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Anthony Scaramucci, The CEO of global investment firm Skybridge Capital makes predictions on the crypto markets. More so, He goes on to say the markets will see more institutional interest in the next 12 to 18 months.
Furthermore, Anthony Scaramucci while talking In a new episode of The Best Business Show says that institutional investors will come into the crypto bandwagon. Notably, He discusses this with the host and Bitcoin bull Anthony Pompliano. Also, he says this will happen as more regulators clear the hurdles in buying and holding digital assets.
Additionally, Anthony Scaramucci explains better.
“I’ll make a bold prediction, Anthony. I think there’s going to be institutional interests…”
“over the next 12 to 18 months because you now have gotten the regulatory…”
“box checked and that checking of that box is going to lead to institutions saying,..”
“‘Hey I got to get in this thing. I’ve got to own a piece of this. I’ve got to understand it,’…”
“and what would George Soros say? He would say ‘Invest and investigate later.’”
However, Anthony also notes that BTC may trade back to $50,000, which is currently worth $61,354.19. Notwithstanding, he says it will likely go pass the six-digit mark. Exactly, after the U.S. Securities and Exchange Commission greenlights the first batch of Bitcoin futures ETF.
So, Anthony goes on to add…
“It’s likely to get to $150,000 over the next 12 months. I’m going to stick with my earlier…”
“price target that I shared with you on our SALT talk when you did my podcast…”
“I think it’s a hundred thousand by year-end. I just think it’s that because there’s now a gateway opened…”
Then, Anthony continues.
“A gateway opened yesterday where an institution can now say ‘I can buy this.’…”
“…Some of my friends said, ‘Well I’m not getting vaccinated until the FDA approves the vaccine.’…”
Lastly, Anthony says.
“So that sort of metaphorically happened for Bitcoin. You got an approval from the SEC…”
“Bitcoin lives in the financial regulatory ecosystem,..”
“and it’s not going anywhere and now, that portal has opened for a sophisticated…”
“early-adopting institution to say ‘It’s okay for me to step in the water here…”
“I’m not going to get fired if I own this thing.”
The, Anthony concludes