Bitcoin could 'easily' recover to hit $100,000 over next the 24 months, powered by tech developments and macroeconomic improvements, says Anthony Scaramucci
— Lows, Covid pandemic subsides, Project, Ethereum blockchain, Certainly ,", Cryptocurrency exchange run, Macroeconomic, Year high, Coin, Going back — 1 min read
Anthony Scaramucci sees bitcoin and ethereum selloff as a buying opportunity for investors. He sees bitcoin going up to $100,000 over the next 12-24 months. The market's value on Monday fell below $1 trillion for the first time since early 2021. The CEO of SkyBridge Capital says macroeconomic data will be a factor in helping crypto prices recover. He recalled investment banks shelving their cryptocurrency ideas in 2018, with the Federal Reserve responding to decades-high inflation in the U.S. He said investors could see inflation data improving by the end of 2022 as the COVID pandemic subsides and as the supply chain becomes more connected, with inflation in May rising to a fresh 41-year high of 8.6%. Source