Skybridge Founder Expects Bitcoin to Surpass $170,000 Next Year

Skybridge Capital founder Anthony Scaramucci predicts Bitcoin price surge

Skybridge Capital founder Anthony Scaramucci has shared his optimistic outlook for the price of Bitcoin. He believes that if the cryptocurrency's price remains at its current level until the halving in April, Bitcoin could surpass $170,000 next year. Scaramucci's prediction is based on two key factors: the upcoming Bitcoin halving and the increasing institutional demand for newly listed spot Bitcoin exchange-traded funds (ETFs).

Scaramucci shares $170K Bitcoin price prediction

In an interview at the Reuters Global Markets Forum, Anthony Scaramucci discussed his Bitcoin price prediction. He stated that if Bitcoin is priced at $45,000 during the halving, it could reach $170,000 by mid- to late-2025. Scaramucci further elaborated that investors should multiply the price of Bitcoin on the day of the halving in April by four, and that would approximate the price in the next 18 months. This bold prediction aligns with Scaramucci's previously expressed expectation of significant capital inflow from Wall Street into spot Bitcoin ETFs.

SEC approval of spot Bitcoin ETFs

Last week, the U.S. Securities and Exchange Commission (SEC) approved 11 spot Bitcoin ETFs. This regulatory development created anticipation in the market and caused Bitcoin's price to briefly surpass $49,000. However, Bitcoin subsequently retraced back to around $42,000. As of now, Bitcoin is trading at $43,420.63.

Impact on Bitcoin price

Scaramucci attributed the recent decline in Bitcoin's price to investors shifting their funds from the Grayscale Bitcoin Trust (GBTC) to the newly approved spot Bitcoin ETFs. He expects this movement of funds to have an impact on Bitcoin's price in the next eight to 10 trading days. Notably, Grayscale converted its Bitcoin Trust into a spot Bitcoin ETF and commenced trading on the New York Stock Exchange (NYSE) last week.

Bitcoin halving and price expectations

Many market participants expect the upcoming Bitcoin halving to drive the price of Bitcoin higher. Michael Saylor, the executive chairman of Microstrategy, stated in November that the demand for Bitcoin should double after the halving and the approval of spot Bitcoin ETFs. Asset management firm Vaneck, in its year-end crypto predictions, also anticipates a post-halving rise in Bitcoin's price with significant gains for low-cost miners. Additionally, venture capitalist Tim Draper predicted that Bitcoin will reach $250,000 this year.

It remains to be seen whether Skybridge Capital founder Anthony Scaramucci's prediction of Bitcoin surpassing $170,000 next year will come true. What are your thoughts on this? Share your opinion in the comments section below.

Frequently Asked Questions

Can the government take your gold

Your gold is yours, so the government cannot confiscate it. It's yours, and you earned it by working hard. It belongs entirely to you. However, there may be some exceptions to this rule. If you are convicted of fraud against the federal government, your gold can be forfeit. Additionally, your precious metals may be forfeited if you owe the IRS taxes. However, even if you don't pay your taxes, your gold can be kept as property of the United States Government.

Should You Purchase Gold?

In the past, gold was considered a haven for investors during economic turmoil. Today, many people are looking to precious metals like gold and avoiding traditional investments like bonds and stocks.

While gold prices have been rising in recent years they are still low relative to other commodities, such as silver and oil.

Experts think this could change quickly. Experts predict that gold prices will rise sharply in the wake of another global financial collapse.

They also point out that gold is becoming popular because of its perceived value and potential return.

Consider these things if you are thinking of investing in gold.

  • Consider whether you will actually need the money that you are saving for retirement. You can save for retirement and not invest your savings in gold. That said, gold does provide an additional layer of protection when you reach retirement age.
  • Second, ensure you fully understand the risks involved in buying gold. Each offers varying levels of flexibility and security.
  • Don't forget that gold does not offer the same safety level as a bank accounts. Losing your gold coins could result in you never being able to retrieve them.

If you are thinking of buying gold, do your research. You should also ensure that you do everything you can to protect your gold.

Should You Open a Precious Metal IRA?

It is essential to be aware of the fact that precious metals do not have insurance coverage before opening an IRA. There are no ways to recover the money you lost in an investment. This includes losing all your investments due to theft, fire, flood, etc.

It is best to invest in physical gold coins and silver coins to avoid this type loss. These coins have been around for thousands and represent a real asset that can never be lost. They are likely to fetch more today than the price you paid for them in their original form.

When opening an IRA account, make sure you choose a reputable company offering competitive rates and high-quality products. A third-party custodian is a good option. They will protect your assets while giving you easy access whenever you need them.

You won't get any returns until you retire if you open an account. Remember the future.

Can I have a gold ETF in a Roth IRA

A 401(k) plan may not offer this option, but you should consider other options, such as an Individual Retirement Account (IRA).

A traditional IRA allows for contributions from both employer and employee. You can also invest in publicly traded businesses by creating an Employee Stock Ownership Plan (ESOP).

An ESOP is a tax-saving tool because employees have a share of company stock as well as the profits that the business generates. The money invested in ESOPs is taxed at a lower rate that if it were owned directly by an employee.

An Individual Retirement Annuity (IRA) is also available. An IRA lets you make regular, income-generating payments to yourself over your life. Contributions to IRAs don't have to be taxable

What is the Performance of Gold as an Investment?

The price of gold fluctuates based on supply and demand. Interest rates are also a factor.

Due to their limited supply, gold prices fluctuate. Physical gold is not always in stock.

Can I keep physical gold in an IRA?

Not only is gold paper currency, but it's also money. It's an asset that people have used for thousands of years as a store of value, a way to keep wealth safe from inflation and economic uncertainty. Investors use gold today as part of their diversified portfolio, because it tends to perform better in times of financial turmoil.

Many Americans today prefer to invest in precious metals, such as silver and gold, over stocks and bonds. While owning gold doesn't guarantee you'll make money investing in gold, there are several reasons why it may make sense to consider adding gold to your retirement portfolio.

One reason is that gold has historically performed better than other assets during periods of financial panic. The S&P 500 dropped 21 percent in the same time period, while gold prices rose by nearly 100 percent between August 2011-early 2013. Gold was one of the few assets that performed better than stocks during turbulent market conditions.

Another advantage of investing in gold is that it's one of the few assets with virtually zero counterparty risk. Your shares will still be yours even if your stock portfolio drops. Gold can be worth more than its investment in a company that defaults on its obligations.

Gold provides liquidity. This means that you can sell gold anytime, regardless of whether or not another buyer is available. The liquidity of gold makes it a good investment. This allows for you to benefit from the short-term fluctuations of the gold market.


  • You can only purchase gold bars at least 99.5% purity. (
  • Instead, the economy improved, stocks rebounded, and gold plunged, losing 28 percent of its value in 2013. (
  • Gold is considered a collectible, and profits from a sale are taxed at a maximum rate of 28 percent. (
  • The price of gold jumped 131 percent from late 2007 to September 2011, when it hit a high of $1,921 an ounce, according to the World Gold Council. (
  • This is a 15% margin that has shown no stable direction of growth but fluctuates seemingly at random. (

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