Bitcoin could reach $ 100,000 this year: Scaramucci

Bitcoin has been under the past few days under the $ 50,000 mark, but some analysts are optimistic that the price could double before the end of the year.

The CEO and founder of Skybridge Capital, Anthony Scaramucci, is confident that Bitcoin will reach the $ 100,000 brand thanks to the increasing demand for the cryptocurrency.

scaramucci said this during a Last youtube-interview . During the interview, Scaramucci said that the limited and fixed offer from Bitcoin and the increasing demand were every month for the advantage of cryptocurrency. He added: "As long as I see it, I see these prices rise. So we stay with the price target of $ 100,000."

The cryptocurrency market entered a declining cycle in summer, with the prices of Bitcoin and other cryptocurrencies lost over 40% of their value. Last month, however, Bitcoin made some of the losses well again and reached the $ 50,000 mark before it went back slightly and currently acts around $ 47,000 per coin.

Scaramucci was previously a Bitcoin critic, but has changed his attitude in recent years. His investment company Skybridge Capital launched his first Bitcoin fund last year and made $ 25 million for cryptocurrency. In the past 12 months, Skybridge has expanded his commitment in Bitcoin.

The CEO announced that its investment company now has around $ 650 to $ 700 million of Bitcoin for its product portfolio. Scaramucci now believes in Bitcoin and previously said that the leading cryptocurrency grows faster than Google, Facebook and Amazon.

Thanks to his performance,

Bitcoin has won many admirers in recent years. It is still one of the most powerful financial investments in recent decades and surpasses other important financial investments such as gold, crude oil and more.

Although Bitcoin is currently fighting for the $ 47,000 region, some analysts and market experts are confident that the rally will stop and the leading cryptocurrency can reach the $ 100,000 mark. This would increase the price of Bitcoin by more than 100 % compared to its current trade level.