Anthony Scaramucci Lays Out Potential Bitcoin and Ethereum Price Targets and Updates Algorand (ALGO) Outlook
Anthony Scaramucci, founder of SkyBridge Capital, sets his price targets for Bitcoin (BTC) and Ethereum (ETH).
In a new interview with Altcoin Daily, Scaramucci says the king crypto could reach six figures within a year of Bitcoin’s halving.
“I think six to twelve months after the halving cycle, there is no reason why Bitcoin couldn’t be at $100,000. Given what I know about demand, and given what I know about the cycle and where the miners are, etc., etc., and also we may get some interest relief. That’s a triple dent. This has happened everywhere in the world of technology, so it could very well happen with Bitcoin too.”
Bitcoin’s next halving, where miners’ rewards are halved and thus new supply decreases, is expected in April 2024.
Bitcoin is trading for $28,472 at the time of writing.
Next, Scaramucci says ETH could rise more than 185% from its current value in six to twelve months following the BTC halving.
“Ethereum is not that close to me, although we have a position there. Could Ethereum be at $4,500 by then? Why not? You know it’s a great utility. Speeds have improved. The Layer 2s helped with this. Why not? Why couldn’t it be $4,500? These things mature.”
At the time of writing, Ethereum is worth $1,576.
Finally, the trader comments on the smart contract platform Algorand (ALGO). He predicts that the value could increase by more than 200% from the current value.
“I am optimistic. I thought at a dollar it could easily have been $5. I misunderstood that. The thing is trading at $0.09 or $0.10…
But could Algorand go from here – because we can only set a price today, we can’t go back to the past – it could be a $0.30 token as they continue their development and continue to adopt what they’re doing and get companies to do it? Do you love technology? I believe it is possible.”
ALGO is trading for $0.092 at the time of writing.
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