Scaramucci predicts a Bitcoin price target of $170,000 in this cycle, emphasizing institutional and mainstream adoption as primary growth catalysts.
He highlights the impact of SEC-approved Bitcoin spot ETFs in facilitating billions in new investments and points to the upcoming Bitcoin halving event leading to a potential supply squeeze.
Scaramucci stresses Bitcoin's inflation-hedging ability and envisions its market cap reaching 50% of gold's valuation, advocating for a 4-year investment horizon.
Despite previous scepticism, Scaramucci remains optimistic about Bitcoin's future growth, attributing it to generational wealth transfers and favorable demographics.
#bitcoin-price-prediction #institutional-adoption #bitcoin-etfs #bitcoin-halving #digital-store-of-value
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