Donald Trump’s former communications director revealed the altcoin project he supports and a bold Bitcoin price prediction.
Celebrity hedge fund was wrong in its predictions
Bitcoin price has lost more than 10% since last week. So it wiped out all August gains within hours. These losses came despite Anthony Scaramucci predicting that Bugatti will be bought with one Bitcoin by the end of 2022. Anthony Scaramucci briefly served as Donald Trump’s White House communications director. Now, he predicts the price of Bitcoin to reach $300,000 as Bitcoin and Ethereum experience additional sales this month. The hedge fund manager has included in the 2 most recent altcoin projects.
Scaramucci, who served as President Donald Trump’s communications director in 2017, came to the fore today with the following statements:
In the next six years, if we’re right, if Bitcoin goes to $300,000, it won’t matter whether you bought it at $20,000 or $60,000.
Scaramucci said in a CNBC interview:
I’m just warning people, the future is upon us. It’s earlier than I thought.
Anthony Scaramucci collects these altcoin projects
Skybridge Capital, a New York-based hedge fund, launched the Skybridge Bitcoin Fund last year with $310 million in assets under management. However, stocks and cryptocurrency prices fell sharply in July. As such, it was reportedly forced to suspend redemptions in another fund after sharp declines.
Skybridge’s largest crypto positions are on Bitcoin and Ethereum. Scaramucci also says he bought Ethereum rival Solana. Additionally, he said he has a “very large position” for another Ethereum competitor, Algorand (ALGO). The famous hedge fund manager gave an optimistic statement about Algorand:
We think Algorand has award-winning technology. Also, we are still “pretty optimistic about Bitcoin and Ethereum for the next 12 to 24 months.
“You will see a lot more trading volume in the market,” says Scaramucci. It also points to “Bitcoin’s lightning network improvement, increase in applications, and ease of transactions on Bitcoin.”
Bitcoin’s growing lightning network technology focuses on speeding up transactions and reducing fees. It is even designed to potentially allow it to compete directly with Ethereum and other smart contracts. Scaramucci also evaluated the growing appetite of institutional investors for cryptocurrencies. He talked about a massive $10 trillion crypto game changer that could “open its floodgates” to Bitcoin and crypto. According to the expert, this news will explode crypto prices. Scaramucci sums up his expectations as follows:
When these things happen, I want to remind people that there are only 21 million Bitcoins and with very little supply, you will have a demand shock.
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