Bitcoin could surpass $100,000 quotation
The U.S. Securities and Exchange Commission (SEC) is about to approve the first Bitcoin cash-regulated ETFs (BTFs)
Amid the official decision of the U.S. Securities and Exchange Commission (SEC) to approve the first spot-regulated Bitcoin ETFs, Anthony Scaramucci, founder of SkyBridge Capital, predicts a significant rise in the value of the cryptocurrency.
Speaking to CNBC, Scaramucci highlighted this breakthrough as crucial for Bitcoin as a digital asset, glimpsing an expansive picture for digital property in general.
Scaramucci expressed confidence that the value of Bitcoin could reach its all-time highs by the end of this year, although he admitted to having been wrong on previous occasions. He also compared the current situation of Bitcoin to the approval of gold ETFs in 2004, calling the cryptocurrency “digital gold”.
Looking at the market capitalization of gold, estimated at $13 trillion, Scaramucci suggested that Bitcoin could aspire to represent 50% or 60% of that market capitalization, implying a 10-fold increase in price over the next decade.
Currently, the value of Bitcoin is around $43,000.
K. Tovar
Source: LaVoz
(Reference image source: Kanchanara, Unsplash)
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