Bitcoin Price Prediction as Digital Asset Firm CEO Says He’s “More Bullish Now Than I’ve Ever Been” – Bitcoin to $100,000 This Year?
Recently, the CEO of a well-known digital asset company showed uncharacteristic confidence about the future of Bitcoin, saying that he is “more bullish now than I’ve ever been.” This statement begs the question: Is it possible that Bitcoin will hit $100,000 this year?
In this update, we’ll look at the potential causes of such a price increase and talk about the ramifications for the entire cryptocurrency market.
Scaramucci Remains Bullish on Bitcoin Despite Challenges
Anthony Scaramucci, CEO of SkyBridge, is still enthused about Bitcoin despite encountering opposition and difficulties because of his involvement in the cryptocurrency sector. He emphasised in a recent interview that he is more enthusiastic than ever on cryptocurrencies, but he is not a blind evangelist.
Strong obstacles have been thrown in Scaramucci’s path, including the bankruptcy filing of FTX in November and the connections he made with Sam Bankman-Fried on a personal and professional level. The Crypto Bahamas conference and FTX’s $40 million investment in SkyBridge were two projects they worked on together.
Despite these difficulties, Scaramucci expects regulators can adjust as Bitcoin enters its next development cycle. He thinks that between the end of 2021 and the beginning of 2022, Bitcoin began to attract more attention.
Bitcoin’s price may rise as a result of the influence of Scaramucci’s bullish position and increased public interest. The demand for cryptocurrencies may increase as more institutions and investors become aware of their worth and potential, which would raise the price.
But it’s crucial to remember that the cryptocurrency market is still quite unpredictable, and that a number of things, including legislative changes and world economic conditions, can affect the price of Bitcoin.
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In a small band between $30,200 and $30,500, Bitcoin had been trading sideways. It broke through this range, though, throughout the US session, and is currently trading beneath the $29,700 mark, which has now changed from being a support to a resistance.
On the downside, a bearish breakthrough below $29,700 might push the price of BTC all the way down to $29,189.