2024

Bitcoin

Bold

BlackRock

<p>The post <a href="https://coinpedia.org/price-analysis/legendary-investor-makes-bold-prediction-says-bitcoin-to-skyrocket-to-6-8-million/">Hold Long Term! Legendary Investors Bullish on Bitcoin, Predicts $8 Million Price Soon</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>Renowned investor Anthony Scaramucci recently shared his thoughts on Bitcoin’s future, calling it the “best-performing asset in the world.” In an interview on Wealthion, he highlighted the strong demand from big investors and its potential for long-term growth.</p> 
<p>Here’s what you must know. </p> 
<h2 class="wp-block-heading" id="h-scaramuccia-s-views-on-bitcoin">Scaramuccia’s Views on Bitcoin</h2> 
<p>Scaramucci pointed out the huge demand for <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/">Bitcoin</a>, especially from investors buying into ETFs like BlackRock and Kathy Wood’s funds. Even though only 450 new coins are made each day, the demand keeps pushing prices up.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Crypto and Bitcoin are still new to most people. I tried to answer some of the biggest questions like use cases and the upcoming halving. Give it a watch: <a href="https://t.co/PCAhnAm6ov">https://t.co/PCAhnAm6ov</a></p>— Anthony Scaramucci (@Scaramucci) <a href="https://twitter.com/Scaramucci/status/1781407670282432619?ref_src=twsrc%5Etfw">April 19, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>After Bitcoin halving events, prices usually drop but then bounce back as people sell for profit and new investors join in.</p> 
<p><strong>Scaramucci’s Bitcoin Strategy</strong></p> 
<p>Scaramucci repeats his strategy of holding Bitcoin long-term, regardless of short-term price fluctuations. He pointed to <a href="https://coinpedia.org/price-analysis/bitcoin-price-rally-ahead-as-analysts-predict-15-20-surge-after-upside-breakout/">Bitcoin’s strong performance</a> over the past 14 years as evidence of its enduring value. According to Scaramucci, Bitcoin has proven to be the best-performing asset worldwide, making it a valuable addition to any investment portfolio.</p> 
<p>Also Read: <a href="https://coinpedia.org/price-analysis/bitcoin-halving-impact-on-top-brc-20-tokens-what-to-expect-this-month/">Bitcoin Halving Impact On Top BRC-20 Tokens! What To Expect This Month?</a></p> 
<h2 class="wp-block-heading" id="h-come-join-the-revolution"><strong>Come, Join the Revolution!</strong></h2> 
<p>Scaramucci encourages people to invest in Bitcoin, even though its price can be unpredictable. He suggests starting with a small investment to learn about Bitcoin and enjoy being part of the cryptocurrency world.</p> 
<p>He says Bitcoin isn’t just a gamble but a groundbreaking asset with a bright future.</p> 
<p>Check Out: <a href="https://coinpedia.org/price-analysis/will-the-impact-of-bitcoin-halving-have-an-effect-on-btc-price-heres-what-you-need-to-know/">Will the Impact of Bitcoin Halving Have an Effect on BTC Price? Here’s What You Need to Know</a></p> 
<h2 class="wp-block-heading" id="h-what-s-ahead-for-bitcoin-btc-price-prediction"><strong>What’s Ahead for Bitcoin</strong>: BTC Price Prediction</h2> 
<p>Scaramucci predicts Bitcoin’s price could reach $6-8 million in the future, but for now, it’s not a great way to protect against inflation or a fully trusted store of value because not enough people use it globally. He thinks that’ll change once Bitcoin has a billion users, which could happen around 2026.</p> 
<p>Bitcoin is currently priced at <a href="https://markets.coinpedia.org/bitcoin/?_gl=1*nmles*_ga*NTQzNDc3MzQ4LjE2OTcxODMzODc.*_ga_RE1GG3FGQW*MTcxMzU4Njg3Ni4xNjUuMS4xNzEzNTg5NDQzLjU1LjAuMA..">$63,839.87</a>, down 1.6% in the last day. But trading is still strong at $30.4 billion, with a market cap of 1.25 trillion.</p> 
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio">
 <div class="wp-block-embed__wrapper"> <iframe title="Bitcoin Halving: What Does it Mean?" width="1220" height="686" src="https://www.youtube.com/embed/Rs5fHBTeNFc?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe> 
 </div>
</figure>

Hold Long Term! Legendary Investors Bullish on Bitcoin, Predicts $8 Million Price Soon

Table of Contents

CoinPedia News

Other articles published on Apr 20, 2024

Exploring Top Hidden Altcoins That Could Lead the Next Market Rally

Bitcoin Stays Resilient Amid Market Corrections, Eyeing Long-Term Gains Post-Halving, Analysts Say

Changes In The Market After Bitcoin Halving Event

SEI Cryptocurrency Surges: A Comprehensive Rally Analysis

Telegram Leveraging TON To Offer Support To Emojis & NFTs

Vitalik Buterin says crypto’s essence isn’t even about its market

Join our free newsletter for daily crypto updates!