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Um you mentioned my $170,000 prediction so I just want to go into that with you for 30 seconds um that’s a data dependent prediction go go back and look at Bitcoin having Cycles the day that the uh Bitcoin hases multiply it by four 18 months later uh
And it’s been uncanny that that’s been the price of Bitcoin so I’m using a $35,000 number at the half um if I’m if I’m and that’s conservative you’re correct that is conservative let’s say we’re at 50,000 in April okay then it’s a $200,000 handle let’s say
We’re at 60,000 it’ll be 240 but but my long-term price Target is that Bitcoin gets to easily half the that market capitalization of gold Anthony scaramucci the founder of skybridge capital and former White House director of communications is highly optimistic about Bitcoin the world’s largest cryptocurrency by market capitalization
During the recently concluded annual meeting of the world economic Forum scaramucci presented what he describes as a datadriven forecast for bitcoin’s future Price He firmly believes that Bitcoin could reach $170,000 next year even if it maintains its current levels leading up to the upcoming Haring event in April while some may consider scaramucci’s
Prediction conservative he emphasizes that this is his Baseline projection for Bitcoin in 2025 he asserts that this forecast is derived from analyzing previous Market Cycles in an interview with Reuters at Davos Switzerland scaramucci outlined his methodology suggesting that multiplying the price of Bitcoin on the day of the Haring event by four would
Yield its price in the following 18 months for instance if Bitcoin is valued at $440,000 during the upcoming Haring event as it approximately is presently it could reach $170,000 by the middle to the end of 2025 scaramucci also highlighted the significance of the recent approval of 11 spot Bitcoin ETFs by the US
Securities and Exchange Commission he explained that the current downward pressure on bitcoin’s price stems from investors shifting their assets from the grayscale Bitcoin trust to these new ETFs however he anticipates that this situation will stabilize once the outflows from gbtc slow down and the new ETFs gain Traction in a SE discussion
Earlier this week with Scott melker scaramucci delved into his outlook for Bitcoin institutional investment in ETFs and his belief that Bitcoin could potentially see a ten-fold increase from its current value let’s say we’re at 50,000 in April okay then it’s a $200,000 handle let’s say we’re at
60,000 it’ll be 240 but but my long-term price Target is that Bitcoin gets to easily half the market capitalization of gold uh gold now at about 14 and a half trillion if Bitcoin goes to seven or eight trillion that’s a 10x from here it’s a $400,000 Bitcoin um and I think
It would be ridiculous for people not to understand the asset not to understand the Dynamics of it as a store of value and not to have a position one last point if you don’t mind me saying this we were the first we were the first
Money into black rock I think I broke it on your you did I broke it on Wall Streets uh we gave Black Rock the first money last January uh they converted successfully into the ETF they have not even started the marketing process and as you know these
11 ETFs this was the best ETF launch in ETF history um so we have some sludge going on with the grayscale Bitcoin trust the real experts know that but when that sludge clears out um you have clear skies ahead for Bitcoin and you have a lot of demand for Bitcoin you
Have institutional demand finally for Bitcoin because it’s now an asset that’s wrapped in something that the Hoy pooy can understand and that the institutions can now be comfortable buying so all of those things hopefully make me wrong about my prediction to the low side uh but let’s let’s let’s just say this
People need to get in there they need to understand this asset they need to work harder to do the research on an asset like this my thing about this because I was an fa and I have distributed product into these wirehouses um they’re cautious they’re slow moving but when they get there it’s
Going to be overwhelming okay and remember this is a fixed Supply asset so you know I mean J jamy diamond said something and I watch his interviews very carefully because I think he’s very smart but he said you know Satoshi is gonna press a button um and it’s going
To create another 21 million Bitcoin and okay but that that actually mathematically and from a programming analysis and from a decentralized point of view it actually cannot happen but to say that it either implies you’re joking or it either implies you don’t have the uh the expertise or the awareness you know and
So I don’t know maybe he’s got The Regulators on him and he doesn’t want The Regulators on him too hard like the Elizabeth waren uh but I got to tell you it’s it’s not an informed View and it’s shocking because if you said to me who is the smartest person in financial
Services he’s got to be in the top five I mean you know as a per I mean he’s done an unbelievable job of that bank unbelievable job navigating the global financial crisis unbelievable job of uh being there at the right time with the right core assets meaning he hasn’t the
Bank never really shook or got knocked into insolvency uh but I mean this thing I think he’s just he’s just really missing and then when you talk to the guys there they’re like like yeah well we’re spending hundreds of millions of dollars developing I met with Larry thinkink in November of
20120 I was in the uh excuse me 2021 because it was closer 2021 I was in the lobby of the Four Seasons Hotel In Abu Dhabi okay on the El Mariana Island where the global markets facility is for Abu Dhabi we were standing there together he say you really like this
Bitcoin I said I do and then he looked at me says’ Bitcoin sucks I said ‘it does he goes yeah he goes it’s a stupid asset it totally sucks he goes but I just made an investment in circle I think the blockchain is good and I think
That the stable coins on the blockchain will be successful and so Black Rock just made a an investment in Jeremy Air’s company I said to Larry okay I said I think you’re wrong I just think you need to do more homework now there’s a guy named Robbie mitchnick at Black
Rock he’s a young kid he came into black rock with the idea of creating a Bitcoin ETF he orange pilled Larry and I’m gonna give Larry a lot of credit because Larry actually did the homework Larry did the reversal R Larry was on the road to Damascus and
Converted as a result of being steeped in understanding exactly what it was and why it will be International store of value and and and I got to tell you something it takes a very smart leader to pridefully say that Bitcoin sucks and then 24 months later
Say you know what I’ve got this wrong Black Rock needs to be a part of this and black rock needs to have a significant stake in it so so no I don’t think he’s just talk in his book he’s not that type of person and he has said
Two things that you should pay attention to if you’re an investor here number one it’s a store of value and number two it represents a flight to Quality Scott I want you to think about that okay this asset has experienced 100 vs okay it’s gone from 80 to 100 vs we’ve seen the
Asset go from 69 to 16 we’ve seen it do all different types of Haywire things but the largest asset manager in the world the CEO of that company says it is a flight to Quality okay so that implies that he understands it last point of the story it’s now
23 it’s January Robbie comes to see us my partner Brett messing who I don’t think you’ve met he says to my partner look I’m getting a lot of bureaucratic resistance at Black Rock I need some outside money in this Bitcoin trust so we sent them 10 million bucks we said
Okay we’re in so we were the first money in he then went to the ETF committee and said we can raise outside money for this and they said okay if you can raise outside money for this let’s give it a go and they were watching that grayscale case carefully their lawyers told them
That grayscale was going to win that case and then they dropped the application and the first thing Larry Frink said after the Bitcoin spot ETF was approved was we need an ethereum spot ETF do you think that it’s soon okay now here’s here’s how you know he’s been
Completely pilled okay we need an ethereum spot ETF and oh by the way we’re going to tokenize all these assets every every the future of exchanges is going to be tokenization okay so he actually has taken it a step further it’s not just okay I got a Bitcoin ETF remember you know they’re
Charging 21 basis points okay is that gonna really move the needle at Black Rock no so he’s doing this because of the intellectual ual gravitas associated with it and he’s doing it because he wants to be at the Forefront of it and he’s also recognizing that uh you know
He’s uh playing the back nine of his career and he knows that part of his legacy will be was I a Visionary leader or did I get stuck in 1987
