Prominent U.S. financier with a net worth of $200 million, who is also the head of SkyBridge Capital and SkyBridge Bitcoin Fund created in December 2020, has told CNBC’s Squawk Box why he expects Bitcoin to hit $100,000 by the end of this year. Bitcoin may skyrocket due to the supply and demand issue
That financier, Anthony Scaramucci, believes that the world’s flagship cryptocurrency may reach a mammoth $100,000 by the end of 2021 due to the supply and demand situation.
There is a fixed supply, he explained, and very hard demand from financial institutions. He pointed out that MicroStrategy has just issued $900 worth of debt in securities to add more Bitcoin to its already impressive BTC stash. Scaramucci’s fund holds over half a billion USD in Bitcoin.