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Crypto: Scaramucci Believes Bitcoin Will Hit $ 100,000 by Year-End

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It’s still possible for  Bitcoin (BTC) to hit the $ 100,000 mark before the year is out, according to Anthony Scaramucci , founder and CEO of  SkyBridge Capital .

What happened

Scaramucci reiterated his price target and referenced Bitcoin’s “limited and fixed” supply and rising exponential monthly demand, in an  interview  with Cointelegraph.

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“Seeing that, I think those prices are going to go up. So, we are going to maintain the USD 100,000 price target, ”said Scaramucci.

The businessman is convinced that Bitcoin is growing faster than Google, the unit of  Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: GOOG),  Facebook Inc (NASDAQ: FB) and  Amazon.com, Inc (NASDAQ: AMZN).

Scaramucci believes that Bitcoin will reach 1 billion users in 2025. “It is a technology and a product of the future, and the future will come faster than people expect,” he told Cointelegraph.

Because it is important

Scaramucci has claimed that SkyBridge probably has between $ 650 and $ 700 million worth of Bitcoin in its product portfolio.

In January, SkyBridge  launched its  Bitcoin Fund LP to offer mass investors an investor-grade vehicle for exposure to the apex cryptocurrency.

The following month, Scaramucci made a prediction of $ 100,000 for BTC, which he claimed would come true by the end of the year.

According to Scaramucci, Bitcoin could be trading like Amazon did between 1997 and 2000, and the apex currency is “climbing to become this  apex predator in the cryptocurrency sector .”

Price action

At press time, Bitcoin was trading 0.66% lower at $ 46,825.58 after a 24-hour tracking period.

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