$BTC
Bitcoin could reach $500,000 and will be considered a 'recognized asset'
Bold bullish predictions
Anthony Scaramucci, founder of SkyBridge Capital, stated that Bitcoin could reach $500,000 in the coming years and become a globally recognized asset like gold.
His justifications
He pointed to institutional expansion, increasing acceptance of Bitcoin, and traditional cash constraints as major factors that will drive the price to this level.
A realistic warning
Despite his optimism, he noted that the path to $500,000 will be fraught with volatility and will require time and patience from investors.
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