Billionaire Anthony Scaramucci Announces Bitcoin Post-Halving Price Target

Anthony Scaramucci, founder and managing partner of Skybridge Capital, predicts a significant increase in the value of Bitcoin (BTC) after the halving event in April. He claims that once the number of new BTC entering circulation decreases, the price will rise to at least $170,000.

Scaramucci explained his prediction on the Scott Melker podcast, urging listeners to study past Bitcoin halving cycles:

"Multiply the day Bitcoin has a halving by four, and it's quite interesting that 18 months later, this is the price of Bitcoin.

I'm using a figure of $35,000 in halving, and that's a conservative number... Let's say we're at $50,000 in April, then it's $200,000. Let's say we're at $60,000, then it's going to be $240,000."

In terms of his long-term price target, Scaramucci predicts that Bitcoin could easily reach half of gold's market cap, which would push the price of a single coin to around $400,000.

Scaramucci also revealed that BlackRock is the first outside investor in a spot Bitcoin exchange-traded fund (ETF) that received approval on Jan. 11.

BlackRock CEO Larry Fink, who was initially skeptical of Bitcoin, has since changed his stance. Since his company submitted the paperwork for the ETF last June, Fink has publicly declared himself a "big believer" of Bitcoin.

Scaramucci praised Fink for his change of heart, saying:

"I'm going to give Larry a lot of credit, because Larry really did his homework on Bitcoin. You have to be a very smart leader to proudly say that Bitcoin sucks and then 24 months later say, 'You know what, I got that wrong, BlackRock has to be a part of it.'"