Scaramucci announced the possible growth of bitcoin up to $100 thousand in 2-3 years
SkyBridge founder called 2023 the "year of recovery" for the first cryptocurrency
Anthony Scaramucci, the founder of the hedge fund SkyBridge Capital, believes that bitcoin in two or three years will be able to trade at the level of $50 thousand to $100 thousand, reports CNBC. Scaramucci called the coming year "the year of recovery" for bitcoin.
"If its recognition develops properly - and I believe it will - it could easily become an asset worth $50k to $100k within the next two to three years," Scaramucci said.
Participants at last week's cryptocurrency conference in St. Moritz, Switzerland, expect the first cryptocurrency to be "cautious" in 2023, CNBC noted. Price fluctuations will occur within a range, the rate will remain sensitive to the macroeconomic situation, and a new bull run (strong rate hike) is unlikely. Nevertheless, experts are optimistic about the next year and beyond.
The Skybridge fund, founded by a well-known crypto-enthusiast, had about $5.5 billion under management as of the end of March last year. In September, 30% of Skybridge stock was bought by Sam Bankman-Fried's company FTX Ventures for $40 million. The fund now plans to buy back that stake, but it will probably take months to resolve, according to Scaramucci.
In an interview with the publication, several industry participants also pointed to the cyclical nature of bitcoin's ups and downs. A bad year will be followed by a moderate recovery and then there will be a halving (halving of bitcoin miners' rewards), which usually precedes the first cryptocurrency's rise.
The exact timing of the event has yet to be determined, as it is influenced by bitcoin mining volumes. An increase in those volumes could bring the planned reduction in miners' rewards a few months closer.