Scaramucci Predicts Bitcoin Could Hit $200K

Last week, Anthony Scaramucci, founder of Skyridge Capital, made news by suggesting that Bitcoin could soar to as much as $200,000. This prediction aligns with a broader bullish sentiment from advocates within the crypto space. Scaramucci expressed his gratitude to Michael Saylor, co-founder of MicroStrategy, for writing the forward to his forthcoming book titled 'The Little Book of Bitcoin'. During his remarks, Scaramucci humorously referenced a LinkedIn post that likened him and Saylor to the characters from the comedy 'Dumb and Dumber', highlighting the lighthearted banter surrounding their reputations in the Bitcoin community. Scaramucci is generally considered somewhat of an insider, mentioning that he has gained certain memberships through payment, providing him with unique insights. His prediction suggests a price range of $150,000 to $200,000, a figure that he believes is backed by institutional interest. He mentioned that previous estimates he has made include a range from $130,000 to a conservative upper limit of $160,000, expressing skepticism about extremely high valuations. This reflection of expectations demonstrates how market sentiments can influence projections, emphasizing the psychological aspects of investing in cryptocurrencies.