The price of Ethereum can reach $10,000-12,000, says Anthony Scaramucci, CEO and founder of SkyBridge Capital.
https://www.youtube.com/watch?v=yxNyluZsna0On the air of the Unchained podcast, the entrepreneur allowed values for bitcoin of $170,000-250,000.
According to Scaramucci, the decisive factor will be the adoption of the first cryptocurrency as an asset class by institutional players.
"It will be an investment consultant or a pension fund. But someone, in order to keep their job, will seek advice on placing money," said the head of SkyBridge Capital.
Contrary to the opinion of representatives of the crypto community, he assumed Joe Biden's victory in the upcoming US elections. However, this will not prevent bitcoin from reaching new historical highs, Scaramucci believes.
The entrepreneur sees the institutional adoption of cryptocurrencies as the main driver. According to him, the share of digital gold in the portfolios of major players will soon reach 3%.
"And when that happens, there will be a huge demand for bitcoin," Scaramucci believes.
As an example of a trend, he cited investments in the first cryptocurrency of the Wisconsin Investment Council through an ETF worth more than $160 million. Scaramucci called the approval of spot exchange-traded bitcoin funds an important overcoming of regulatory barriers to attract new capital.
Recall, according to the entrepreneur, the first cryptocurrency will become a means of saving by the end of 2026.