Bitcoin Could Plunge 40% Before Hitting $500K, Warns Anthony Scaramucci
Anthony Scaramucci, the founder of SkyBridge Capital, has forecasted a potential 40% drop in Bitcoin’s value before it hits the $500,000 milestone.
Scaramucci, a seasoned Wall Street veteran, sees volatility as an inherent part of the cryptocurrency market. He underscored the significance of long-term investment and urged investors to be ready for market swings.
Despite his warning of a potential correction, Scaramucci remains optimistic about Bitcoin’s future, predicting its value to reach half a million dollars within the next five to six years.
“I predict that Bitcoin will probably get to $500,000 over the next five or six years. But could we have a 40% correction between now and then? Certainly. So you know, you got to be ready,” Scaramucci …
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