Scaramucci: Based On Adoption Growth Bitcoin To Hit 100K In Two Years
According to Anthony Scaramucci, at Bitcoin’s (BTC) current adoption rate the leading digital asset could reach $100,000 valuation within the next two years.
The CEO of global investment firm Skybridge Capital, spoke with CNBC and said that that the impressive growth in the number of BTC wallets signals that six digits valuation is coming closer.
“According to Glassnode, there’s probably 245 million wallets out there or accounts related to Bitcoin. When I made or when Skybridge made its first Bitcoin investment, we were talking about 85 million wallets and that was October-November of 2020, so just think of the spectacular growth of the Bitcoin network.”
According to Scaramucci the growing number of wallets give an overview of people’s trust in Bitcoin.
“As wallets grow and the transactions on the Bitcoin network grow, I think people get more and more confidence in Bitcoin, the ledger of Bitcoin, the accounting of Bitcoin. Somebody like Cathie Wood would say to you, a billion wallets, Bitcoin could easily trade to $500,000 a coin.
I got it wrong last year because I didn’t anticipate the war or the elongation of COVID, but I do think that there’s no reason why Bitcoin, given the way it’s scaling globally and it’s very hard to get rid of…
Bitcoin’s sort of in the system, if you will, and it’s something because the nature of its decentralization – makes it easy to use around the world.”
At time of writing, BTC trades at $45,706, down 3% on the daily chart.
