Hedge fund veteran and SkyBridge Capital chief executive Anthony Scaramucci is predicting that Bitcoin (BTC) hits a six-figure price tag in 2024.

In a new interview with CNBC, Scaramucci says that based on historical precedent, the crypto king could go up by around 300% after its halving event, which is slated for April and will see miners’ rewards cut in half.

“If you look at the last 14 years, you usually get a quadruple after a halving. And so Bitcoin right now is trading $57,000.

I’m not sure where it will be on or about April 20th when the halving actually takes place, but let’s say it’s at $50,000. That would imply over 18 months from the halving a $200,000 Bitcoin price.”

Bitcoin is trading for $61,304 at time of writing, a 8.4% gain during the last 24 hours and a gain of over 40% since early February.

On the reason behind Bitcoin’s ongoing price appreciation, Scaramucci says,

“So price is going up primarily because there’s not a lot of supply out there and yet you’re seeing these [spot] Bitcoin exchange-traded funds (ETFs) coming into the marketplace with 12 to 14 times what’s available in terms of what the network is producing every single day.

And so that’s why you’re seeing this price squeeze and of course you do have people that don’t believe in Bitcoin that are short Bitcoin and so they’re getting wrecked right now. And I think that’s the combination of why you’re seeing such great price appreciation.”

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Macro investor and fund manager Dan Tapiero says that digital assets are in the early stages of their bull run, making a deep correction for Bitcoin (BTC) very unlikely.

In a new video update on the Wealthion YouTube channel, Tapiero, the CEO of investment firm 10T Holdings, tells host and SkyBridge Capital founder Anthony Scaramucci that he doesn’t envision the crypto king dipping to $20,000 again.

However, he notes there could be a short-term correction for the top crypto asset by market cap.

“So if you’re saying do I think we’re going to go back down to the $20,000, $18,000 lows in Bitcoin, I don’t see it at all.

I think we’re in the second inning of this bull market, so I’d be much more concerned and think that there [could be] problems potentially if I felt we were in the seventh inning, the eighth inning. The bullish consensus at 75%-80% – I mean that’s an issue but maybe [it] just means you have a short-term correction.

We’re just getting started here.”

Bitcoin is trading for $51,547 at time of writing, a marginal decrease during the last 24 hours.

According to Tapiero, the future for Bitcoin and digital assets appears bright as 2022 held nearly every bad scenario possible for the industry, such as the multi-billion-dollar collapse of the crypto exchange FTX.

“Markets are discounting mechanisms, and I think that all the bad news that you could possibly have ever dreamed up happened in 2022, and I think you had a low in Q4 2022 that was relatively obvious.

So do I think that there’s another FTX out there? No… I’m seeing a lot of really interesting information from companies and anyone that was having difficulty is now not – and we were not seeing that three years ago, two years ago.”

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Hedge fund veteran Anthony Scaramucci reportedly says that US-based crypto exchange Coinbase will emerge victorious from its legal battle with the U.S. Securities and Exchange Commission (SEC).

Speaking at a conference at Duke University, the SkyBridge Capital founder says that a new Trump presidency would be better for crypto regulation in the short term, but worse in the long term, Bloomberg reports.

“In the long term, [Trump’s] going to create havoc and unpredictability in the legal system. I would rather take the regulatory fight with people like Elizabeth Warren and people like Gary Gensler over that macro fight.”

Scaramucci says Coinbase, which is currently battling an SEC lawsuit that alleges the exchange violated securities laws, will come out on top, even if it means going all the way to the Supreme Court.

“The Coinbase case will be a very big, instrumental case. I predict we will win that case. And by the way, we may lose it here. But Brian Armstrong will win it in the Supreme Court. You just look at the matrix of the Supreme Court, who’s on it, and I believe that we will get to a fair regulatory process for digital assets.”

Last month, Bloomberg analyst Elliott Stein said that he believes Coinbase has a 70% chance of winning a motion to toss out the SEC’s case.

“Coinbase 70% likely to win. Coinbase is likely to win this motion, we think. The judge wanted a limiting principle to the SEC definition of ‘investment contract’ that wouldn’t encompass collectibles. We view the one offered by Coinbase as more compelling, requiring investment in a business versus just an ecosystem, along with an enforceable obligation…”

The SEC first sued Coinbase in June 2023 for allegedly violating securities laws, including the sales of unregistered securities and operating an unregistered exchange/broker agency.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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