Anthony Scaramucci On The Rationale For His 6-Figure Bitcoin Price Target
Bitcoin (CRYPTO: BTC) is a buy at its current price because it will be trading at $100,000 by the end of 2021, Anthony Scaramucci, founder and co-managing partner of SkyBridge Capital, said Friday on CNBC's "Squawk Box."
Getting Tesla Inc (NASDAQ:TSLA) CEO Elon Musk and Twitter Inc (NYSE:TWTR) and Square Inc (NYSE:SQ) CEO Jack Dorsey together to talk about cryptocurrency showed people the world's biggest influencers are going to be involved in scaling Bitcoin moving forward, Scaramucci said.
Musk, Dorsey and Ark Invest's Cathie Wood discussed Bitcoin and the cryptocurrency markets at The B Word Conference this week.
Bitcoin might be trading how Amazon.com (NASDAQ:AMZN) traded from 1997 to 2000, he said, adding that he doesn't want to get "faked out" of Bitcoin.
"I don't want my clients to miss Bitcoin," Scaramucci added.
He told CNBC Bitcoin is "scaling to become this apex predator in cryptocurrency."
Scaramucci noted that he also likes Ethereum (CRYPTO: ETH).
Price Action: Bitcoin is up 12.14% year-to-date. Ethereum is up 178.53% year-to-date.
At last check Friday, Bitcoin was up 0.68% at $32,477 and Ethereum was up 2.10% at $2,058.54.
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