Is the Bitcoin bear market really over? Anthony Scaramucci thinks that way
Is the Bitcoin bear market really over? Anthony Scaramucci thinks that way
Anthony Scaramucci-the founder of Skybridge Capital and former official of the White House-believes that "We are" the crypto bear market.
He also praised Bitcoin's performance over the years and said it was the best instrument for long-term investments.
Time for a market increase?
in a recent Interview for Yahoo Finance said that the long crypto currency winter, the numerous scandals and brought with it a decline in market, could already be behind us. He continued to advise investors to preserve their trust in Bitcoin and predicted that the price could increase in the following months:
"Bitcoin has increased by about 70 % in the year, and I don't think it is time to take chips off the table. If at all, I think this is the beginning of a new era for Bitcoin and other cryptocurrencies, and we will remain patient and discipline by the approach that we have been following in the past 20 years have a macrowette: stay patient and take the heat to the experts and critics.
Antonius Scaramucci. CNBC
Scaramucci also agreed that the primary cryptocurrency could explode by 2030 to $ 1 million. He praised it as the best investment instrument that people could choose if they invest in the long term:
"But every time you have kept Bitcoin in a rolling four-year interval, i.e. select the day and hold it for four years, you have exceeded any other asset class."
He gave his mustard for the latest fud around Binance and how a possible collapse of the world's leading stock exchange could affect BTC. Scaramucci believes that such a catastrophe would be much more devastating than the collapse of the FTX and wished, Changpeng Zhao (CEO of Binance, better known as CZ) could be completed with the problems:
"Binance is a super important central stock exchange in our industry. If something happens to Binance, I think that there will be a short-term hit. I wish Cz all the best. I know him personally, I like Cz, I hope he clarifies whatever these problems."
scaramucci previously argued that there could be a price extension of digital wealth if the interest rates listened to interest rates increase. The central bank raised the benchmark to a range of 4.75 % to 5 % last month to get the inflation rate under control in the USA. According to Scaramucci, aggressive politics will stop as soon as inflation cools down to around 4-5 %. Remember the CPI numbers from February at 6 % in the year. "I believe that the FED explains victory with an inflation of 4 % to 5 %. If I lie correctly, there will be a revival of the market. There will be a lot of short covering in crypto, and there will be a rebirth of risk investments."
. The bull market depends on inflation from