SkyBridge Capital founder and CEO Anthony Scaramucci says Bitcoin ( BTC ) appears ready for more upside as it hovers around its all-time high. In a new interview on the White Crypto YouTube channel, the hedge fund veteran says Bitcoin could go up by up to 65% from the current level before the end of the year. “Well, every time I make a price prediction, I get it wrong. But I did say last year that I thought we could close in on $100,000. We didn’t quite get there until after the [President Trump] inauguration. But I do think this is $150,000 to $180,000 by year-end.” According to Scaramucci, demand for Bitcoin from institutional investors is primed to keep going up. “Bitcoin supremacy, if you will, is creeping up and I think that’s going to continue because it’s the go-to asset for institutional investors. That’s not to say that the other coins won’t do well. But I think institutional dollars that are coming into the space, something like 80% of those dollars will end up in Bitcoin.” Scaramucci, however, says Bitcoin is currently facing various headwinds amid the heavy demand. “There are a lot of things holding Bitcoin back. We’re fighting in the Gulf, we’re fighting in Ukraine and we’re fighting in the former Soviet Union, Russia. There’s global tension. There’s a fear of recession. We’re still getting over the aftermath, economically, of COVID. And so there are a lot of things holding Bitcoin back. But despite that, there’s very heavy net buying of Bitcoin, particularly through the [exchange-traded funds] ETFs.” Bitcoin is trading at $109,273 at time of writing. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Anthony Scaramucci Says $180,000 Bitcoin Price Explosion Possible As BTC ‘Supremacy’ Creeps Up – Here’s His Timeline appeared first on The Daily Hodl .
