Investing in Bitcoin? Anthony Scaramucci Predicts a “Face-Ripping” Rally

Anthony Scaramucci, the founder of Skybridge Capital, remains optimistic about investing in bitcoin, even as its value has soared above $50,000. He firmly believes that it’s not too late for investors to get involved with this cryptocurrency. On the social media platform X, Scaramucci conveyed his thoughts to potential investors who might think they’ve missed their chance. He reassured them, stating that the opportunity to buy bitcoin is still very much alive.

He attributed his confidence to several factors that he expects will continue to push bitcoin’s price higher. Among these are the declining interest rates that make alternative investments like bitcoin more appealing, the increasing interest in spot bitcoin exchange-traded funds (ETFs) that could bring substantial new investments into the market, and the anticipation of the Bitcoin halving event in about two months. Scaramucci is predicting a significant rally in bitcoin’s value, suggesting a “face-ripping” increase is on the horizon.

In a bold prediction made in January, Scaramucci speculated that if bitcoin maintains its price level around $45,000 up to the halving in April, it could reach an impressive $170,000 by mid-to-late 2025. Currently, bitcoin’s trading value stands at $49,653.97. Scaramucci’s outlook is buoyed by the approval of spot bitcoin ETFs by the U.S. Securities and Exchange Commission (SEC) on January 10, a development he believes will attract significant investment from Wall Street.

He also pointed to the exponential growth in bitcoin wallets and its global adoption as key drivers that will likely propel BTC prices through 2024. Emphasizing bitcoin as a long-term investment, Scaramucci advises investors to adopt a buy and hold strategy, encouraging them to maintain their investment over time.