Skybridge Capital Founder: Bitcoin Will Rise to $500,000 in the Future

TokenInsight reports that Anthony Scaramucci, founding managing partner of New York-based venture capital firm Skybridge Capital, commented on Friday about the U.S. economy, inflation, and bitcoin. He was asked if he would recommend that people buy bitcoin at the current price of about $64,000. Scaramuccia immediately replied, "No question." He said that at the current price level of bitcoin, "I still think it's very, very early for us to get in." He noted that if Ark Invest CEO Cathie Wood's predictions are correct, then "by the end of 2024 to mid-2025, the industry will have a billion wallets." He also predicts that bitcoin will easily rise to $500,000. Scaramucci briefly served as White House communications director during the Trump administration in July 2017.