Exponential monthly growth in demand should propel Bitcoin to $100,000 by the end of 2021, according to the CEO of SkyBridge Capital, Anthony Scaramucci.
Anthony Scaramucci, CEO and founder of SkyBridge Capital, thinks Bitcoin (BTC) can reach $100,000 before the end of the year, mainly due to the exponential growth in demand every month.
“The bottom line is you have the limited and fixed supply of Bitcoin and you have every month exponentially more demand,” Scaramucci told Cointelegraph in an exclusive interview. “As long as I see that, I see those prices rising. So, we’re going to stick with the $100,000 price target,” he explained.
Once a Bitcoin skeptic, Scaramucci launched SkyBridge Capital’s first BTC fund last year with a $25 million dollar investment. Since then, the firm has been steadily accumulating the digital gold.
“We now have probably $650 to $700 million dollars worth of Bitcoin across our product portfolio,” said Scaramucci.
Scaramucci is a long-term believer in Bitcoin, and he is convinced that the main cryptocurrency is growing faster than tech giants like Google, Facebook and Amazon. Thi is why he believes Bitcoin will reach 1 billion users by 2025.
“This is a technology and a product of the future, and the future is going to come more quickly than people expect.”