Anthony Scaramucci Predicts Bitcoin $500,000 in Coming Years

Anthony Scaramucci Predicts Bitcoin $500,000 in Coming Years

While the bitcoin price might be experiencing some selling pressure today, crypto bulls are not worried. Among them, Anthony Scaramucci, who founded Skybridge Capital, has a long-term view of the bitcoin price based on solid fundamentals. If he’s right, the bitcoin price could shatter even some of the most bullish of predictions.

Scaramucci told CNBC bitcoin could “easily trade at $500,000 a coin,” pointing to the number of high-net-worth individuals vs. the finite supply of the cryptocurrency to go around. He cited JPMorgan data, saying there are fewer than 50 million millionaires based on USD fiat currency. Meanwhile, the supply of bitcoin is capped at 21 million coins. Scaramucci said,

“You don’t even have enough bitcoins for every millionaire in our society to own one coin.”