The cryptocurrency market has started a new recovery move, led by the leading crypto Bitcoin. Most of the names that made ambitious predictions after the sharp declines were not visible. When the movement started in the market, they emerged again and brought their claims to the agenda again. One of them, American investor Anthony Scaramucci, predicts that Bitcoin can hit $ 300,000. He also shares two altcoin projects that he bought and that his firm loves.
Anthony Scaramucci: Bitcoin will finally reach $ 300 thousand!
During his last appearance on CNBC, American investor Anthony Scaramucci made an ambitious prediction. Scaramucci suggested that it is possible for the price of the leading crypto Bitcoin (BTC) to eventually go up to $300,000. At this point, it doesn’t matter whether he bought BTC at $20,000 or $60,000, according to Scaramucci. The famous investor believes that the leading cryptocurrency can reach its extreme bullish price target in the next six years.
cryptocoin.com As you follow, Scaramucci predicted that Bitcoin would reach $100,000 by the end of 2021. The famous investor noted that this would be due to the increasing demand from financial institutions. However, we have all witnessed the disappointment of this foresight. Considering this foresight, it is worth noting that price forecasts should not be overly relied upon. That said, Anthony Scaramucci somehow thinks he’s right. He attributes this to BlackRock’s deepening of crypto with a new fund that allows investors to buy Bitcoin directly.
Scaramucci takes a big position at Algorand (ALGO)
Anthony Scaramucci, on the other hand, admitted in late July that placing a big bet on Bitcoin was a mistake in the short term. However, the investor remains bullish on the leading cryptocurrency over the long term. Scaramucci recently said the Fed may adopt a less aggressive policy of rate hikes by the end of the year. He also stated that this will help boost Bitcoin even higher.
The former White House adviser has repeatedly compared buying Bitcoin to buying Amazon stock during the dot-com bubble of the late 1990s. Meanwhile, Scaramucci announced in May that he has taken a major position at Algorand (ALGO). During the interview, Scaramucci said that his firm also likes Solana.
Algorand is a self-sustaining, decentralized, Blockchain-based network that supports a wide variety of applications. Algorand main’net went live in June 2019. As of December 2020, it processed about 1 million transactions per day. Algorand held its initial cryptocurrency offering (ICO) in June 2019 at $2.4 per token. The altcoin is currently trading at $0.3621, according to data from CoinMarketCap.
