Scaramucci Denies Mega $31M Bitcoin Forecast, But Eyes This Trillion-Dollar Valuation

Former White House Communication Director Anthony Scaramucci has dismissed rumors suggesting that he predicted a Bitcoin BTC/USD price surge to $31 million upon the approval of an ETF.

What Happened: Scaramucci debunked the rumor, stating a straightforward “No” in response to an X post. 

However, Scaramucci remains optimistic about Bitcoin’s potential, envisioning a 2,662% rise from its current valuation of approximately $543 billion. “Bitcoin in many ways is more valuable than gold,” he said.

During an interview on the OPTO – Invest in Innovation podcast, Scaramucci expressed his positive outlook on Bitcoin, suggesting that it could rival a $15 trillion asset class, as reported by The Block.

While Scaramucci sees the potential of Bitcoin, he does not foresee it replacing traditional fiat currencies universally within his lifetime.

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Why It Matters: During the podcast, Scaramucci expressed his deep disappointment with Sam Bankman-Fried, the embattled founder of the now-defunct FTX exchange, who is currently facing trial.

In a disheartened tone, Scaramucci said, “SBF broke my heart,” referring to FTX Ventures’ acquisition of a 30% stake in SkyBridge shares merely two months before FTX filed for bankruptcy.

Price Action: At the time of writing, BTC was trading at $30,348.88, up 1.70% in the last 24 hours, according to Benzinga Pro.

Photo by World Economic Forum on Flickr

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