Anthony Scaramucci Warns Against Emotional Trading, Predicts Massive Gains for Bitcoin in Coming Years

Anthony Scaramucci, founder of SkyBridge Capital, has told crypto investors to avoid reactionary reactions as he predicts a huge price tag for Bitcoin (BTC) in the next few years. increase.

In a new interview with CNBC, the hedge fund veteran warns investors to “know the current landscape” and resist trading based on emotion.

“We’re getting better than expected inflation data…I was just looking at the fourth quarter [of] 2019 GDP figures, inflation and unemployment.

And to stop and think about it, we paused and the pandemic created this havoc, putting so much money into the system that it caused inflation and obviously caused supply chain disruption. A return to a period of very strong economy, low unemployment and moderate inflation is very likely in the fourth quarter of 2019, which will likely take 6-12 months and the market will recognize it. I think I’m starting to We believe that the crypto market, obviously, has most of the leverage completely out of its system.

Scaramucci holds significant positions in ETH competitors Algorand (ALGO) and Solana (SOL), in addition to his company holding the largest positions in Bitcoin and Ethereum (ETH). said that

With improvements in the Lightning Network, more applications, and the ease of trading with Bitcoin, we will see more commercial activity. And of course, Ethereum comes with The Merge, the network trading fees will be lowered, and many traders probably believe the rumor.

According to Scaramucci, his company predicts that the price of Bitcoin will reach $300,000 over the next six years.

“If you leave the market in the best 10 days, the return will drop from 7.5% to 2%. You don’t want to force your portfolio on emotion. Again, up 45% from last time we talked. We were just defending our position and staying disciplined and I think that’s the message I’m trying to send to investors…

I tell people, “Just relax. Look at this. We’re going to see a pretty optimistic scenario for Bitcoin, Ethereum, Solana, and Algorand in the next 12-24 months.”

Me

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