Crypto News – Since the SEC has approved the introduction of spot Bitcoin ETFs, Anthony Scaramucci, the founder and CEO of the alternative asset management company SkyBridge Capital, has predicted that Bitcoin will reach its all-time high before 2024 ends.
Could the Bitcoin Price Hit an All-Time High Before 2024 Ends?
In an interview with CNBC, the American financier said that Bitcoin would likely surpass its all-time high by January 2025, given that the SEC has made the leading digital asset accessible to individual investors.
Like the rest of the cryptocurrency community, the founder of SkyBridge Capital thinks that the SEC’s ruling is a turning point for Bitcoin, calling it a significant advancement for the cryptocurrency as a digital asset.
I think it is a much broader story for digital property in general, and I think Bitcoin will probably see its all-time high before the end of the year and will likely go through its all-time high by this time next year,
Scaramucci
For SkyBridge, 2022 has been Very Brutal
After a strong bull run in 2021, 2022 was almost a nightmare for the entire market, especially Bitcoin. After a long hibernation, Bitcoin’s price finally surged 150% in 2023, driven by the anticipation of the spot Bitcoin ETF approval.
Scaramucci claimed that while SkyBridge had a “very brutal” 2022, 2023 turned out to be the best year after the company “incrementally” acquired SOL, ETH, and BTC. He claimed that since the SEC has permitted investors to deposit cryptocurrency assets into their brokerage accounts, the agency is strangely favoring Bitcoin.
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