According to Bitcoinist.com: Anthony Scaramucci, founder of SkyBridge Capital, presented a bullish outlook on Bitcoin's future trajectory during his statements on January 29. Drawing from historical data analysis, Scaramucci predicted that Bitcoin's price could potentially rise by over 300% in the coming months, possibly hitting a high of $170,000 following the expected halving event in April.
In a broader perspective, Scaramucci projected Bitcoin's price might reach $400,000 over the long term. This could see Bitcoin gaining a market cap almost a tenfold increase, nearing half of the market valuation of gold.
Building on his understanding and analysis of Bitcoin's behavior, Scaramucci suggested that the peak of Bitcoin's price typically surfaces around 18 months after a halving event. He referred to this phenomenon as Bitcoin's "cycle top", which could be roughly four times the price at the halving. With a conservative estimation of Bitcoin price being $35,000 at the halving, he outlined possible scenarios. If Bitcoin values at $50,000 in April, it's likely to surge to $200,000, and if it reaches $60,000, it could soar to $240,000.
