SkyBridge founder Anthony Scaramucci, an asset management company, stated in his remarks at Davos that the Bitcoin price could exceed 170 thousand dollars next year due to demand for newly listed exchange-traded funds and the halving in April.
According to the report on NTV; Scaramucci said, "If Bitcoin is at the 45 thousand dollar level when it is halved, it will be 170 thousand dollars between the middle and end of 2025."
Pointing to the next 18 months, Scaramucci stated that the price on the day of the halving should be multiplied by four.
In his prediction made in April 2023, Scaramucci had estimated that Bitcoin would rise to 40 thousand or 50 thousand dollars by the end of the year.
The price of Bitcoin rose to as high as 49 thousand dollars following the approval of spot Bitcoin ETFs, but pulled back to 42 thousand dollars due to sales from those levels.
News Source: 12punto
