Anthony Scaramucci, director of investment firm Skybridge Capital, predicted that the price of bitcoin will rise to $300,000 by 2028.
His prediction for the exponential growth of the cryptocurrency is based on:
- An increase in the number of blockchain users due to improvements in technology (such as the Lightning Network protocol);
- Increased popularity of bitcoin among commercial institutions;
- Widespread integration of the digital asset into traditional financial investment platforms;
- A reduction in the number of coins being mined.
Lawrence Fink [director of Blackrock, one of the world’s largest investment firms] records a high level of institutional demand for bitcoin. Otherwise he wouldn’t be launching new cryptocurrency products and cooperating with Coinbase. When that happens, I want to remind you that there is only 21 million BTC left to be minted. There will be a demand shock because of the very low supply of coins,” Anthony said.
Scaramucci advised bitcoin owners to hoard assets and bet on the virtual currency’s rising value in the long run. In his opinion, if the coin goes up to $300,000, it won’t really matter at what rate it was bought: $20,000 or $60,000.