BTC Correction Temporary, SkyBridge Capital Founder Predicts $100,000 Within Year

IconCryptoNewsTerminal Staff10 Jul, 2024

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BTC Correction Temporary, SkyBridge Capital Founder Predicts $100,000 Within Year

Anthony Scaramucci, founder of SkyBridge Capital, believes that Bitcoin's ongoing correction is temporary and that it will reach $100,000 within the year.
According to CNBC, Scaramucci stated that the current correction is largely due to the sale of Bitcoin by the German government and the refund of Mt. Gox creditors. However, he remains optimistic about Bitcoin's long-term prospects, predicting that it could reach new highs within six months if the current market conditions persist. Scaramucci also cited the upcoming cash refund from FTX to its creditors and the US presidential election as factors that could boost the Bitcoin market.