Scaramucci expects Bitcoin to reach $170k, moving 4x ‘within 18 months of halving’

“Bitcoin is a cyclical product, It goes through pulls and drags. Typically, it moves 4x within 18 months of the halving. But let’s be a bit conservative on the price, it’s still $170,000 for this cycle.”

– Anthony Scaramucci, Founder of SkyBridge Capital

Scaramucci also discussed Sam Bankman-Fried’s recent sentencing. The venture capital unit of Bankman-Fried’s FTX acquired a 30% stake in SkyBridge back in September 2022.

FTX went bankrupt that November.

Scaramucci expressed sadness for Bankman-Fried, given his potential and his mental condition. However, he thought the 25-year sentence was light.

He also emphasized that Bankman-Fried should have pled guilty before the trial.

““He hurt my business, my reputation and lied to a lot of people. But when you really look at him clinically, he looks like a very damaged guy. Also, People will get their money back, but it has been dollarized. Bitcoin’s value has increased a lot since then, so people are upset about it as well.”

– Anthony Scaramucci, Founder of SkyBridge Capital