As Bitcoin prepares for the halving in 2024, Skybridge Capital’s Anthony Scaramucci predicts it will soar to at least $170,000 after the halving, citing historical patterns. .
Anthony Scaramucci of SkyBridge Capital predicts that Bitcoin will reach $170,000 after the April halving, citing historical trends from podcaster Scott Melker. The founders highlight the cyclical nature of Bitcoin’s price movements after the halving, predicting that it could rise to at least $170,000 within 18 months.
Scaramucci also drew attention to conservative estimates, suggesting that if Bitcoin started at $50,000 in April, the handle could reach $200,000.
The long-term outlook is even more optimistic, with Scaramucci predicting Bitcoin will reach a level equivalent to half the market capitalization of gold, or about $400,000 per coin.
Opposing views by BitQuant and Bloomberg
Meanwhile, BitQuant has set a price target of $250,000 and expects it to be a catalyst for new highs. Bloomberg Intelligence and Matrixport predict Bitcoin will surpass $50,000 in 2024, suggesting an 81% increase.
In contrast to Scaramucci’s optimism, BitQuant predicts a possible pullback, but estimates Bitcoin will reach $250,000 by the halving, with the halving acting as a catalyst. It suggests that there is a possibility. This prediction could impact crypto-related ETFs such as SATO and BLKC, which benefit from a surge in Bitcoin prices.
Bloomberg analysts predict that Bitcoin’s recent rally is the start of a potential bull market, predicting that Bitcoin will exceed $50,000 by 2024. The expected rise is due to the upcoming April 2024 halving, which will trigger an 81% jump in Bitcoin’s value.
Despite positive forecasts, challenges remain, including regulatory oversight and economic uncertainty. At the time of writing, Bitcoin is trading at $43,419.30, and there are high hurdles for it to reach its all-time high.
Expectations among experts are high for Bitcoin’s trends in the wake of the upcoming halving in 2024. While Scaramucci and Bitquant offer contrasting but optimistic views, Bloomberg’s forecast warns investors to tread carefully.