Anthony Scaramucci warns against emotional trading and predicts massive gains for Bitcoin in the years to come

SkyBridge Capital founder Anthony Scaramucci is urging crypto investors to avoid knee-jerk reactions as he forecasts a huge price for Bitcoin (BTC) in the years to come.

In a new interview with CNBC, the hedge fund veteran warns investors to “read through the current environment” and resist trading on emotions.

“You’re getting better than expected inflation data… I just looked at the fourth quarter [of] 2019 – GDP figures, inflation and unemployment figures.

And if you just stop and think about it, we went on hiatus, the pandemic caused this mess, we put a lot of money into the system that caused some inflation, and obviously you had the supply chain disruption. But you could very well go back to that fourth quarter of 2019, which was a very strong economy, low unemployment and mild inflation — that’s probably six to 12 months away and I think the market is starting to see that. The crypto market obviously believes that most of the leverage is entirely outside of this system.”

Scaramucci notes that his firm has the largest positions in Bitcoin and Ethereum (ETH), as well as significant positions in ETH rivals Algorand (ALGO) and Solana (SOL).

“We think that with the improving Lightning Network, the increase in applications and the ease of transactions on Bitcoin – you will see a lot more commercial activity there. And of course, The Merge comes with Ethereum, which will lower transaction fees on this network. Many traders are likely to believe this rumor.”

According to Scaramucci, his firm predicts a Bitcoin price of $300,000 over the next six years.

“If you’re not in the market for the 10 best days, you’ve reduced your return from 7.5% to 2%… I don’t want us to start changing and changing the portfolio based on emotion. Again, we’re up 45% since we last spoke. We did nothing but hold positions and stick to our discipline. I think that’s the message I’m trying to convey to investors…

I tell people, ‘Just relax. Check this out.’ We see a fairly bullish scenario for Bitcoin, Ethereum, Solana and Algorand over the next 12-24 months.”

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