On the air of the Unchained podcast, the entrepreneur stated that the main factor in increasing the value of bitcoin will be the adoption of the asset as a valuable investment tool by institutional funds.
Anthony Scaramucci is confident that the current US President Joe Biden will win the upcoming elections in the fall of 2024, which will not prevent the first cryptocurrency from demonstrating the growth of quotations on exchanges.
"Soon, the share of bitcoin in the portfolios of major players will be 3%. And when that happens, there will be a huge demand for bitcoin," said the founder of SkyBridge Capital.
As an example, Anthony Scaramucci cited investments in bitcoin by the Wisconsin Investment Council through an ETF worth more than $160 million. The businessman called the approval of spot ETFs for bitcoin an important overcoming of regulatory barriers to attract new funds from institutional players.
In addition, the entrepreneur predicted the growth of ether to $ 12,000, after the rally of the first cryptocurrency takes place.
Earlier, Anthony Scaramucci advised bitcoin investors not to sell cryptocurrencies, even if they are scared by market volatility.