Hold Long Term! Legendary Investors Bullish on Bitcoin, Predicts $8 Million Price Soon

Renowned investor Anthony Scaramucci recently shared his thoughts on Bitcoin’s future, calling it the “best-performing asset in the world.” In an interview on Wealthion, he highlighted the strong demand from big investors and its potential for long-term growth.

Here’s what you must know.

Scaramuccia’s Views on Bitcoin

Scaramucci pointed out the huge demand for Bitcoin, especially from investors buying into ETFs like BlackRock and Kathy Wood’s funds. Even though only 450 new coins are made each day, the demand keeps pushing prices up.

After Bitcoin halving events, prices usually drop but then bounce back as people sell for profit and new investors join in.

Scaramucci’s Bitcoin Strategy

Scaramucci repeats his strategy of holding Bitcoin long-term, regardless of short-term price fluctuations. He pointed to Bitcoin’s strong performance over the past 14 years as evidence of its enduring value. According to Scaramucci, Bitcoin has proven to be the best-performing asset worldwide, making it a valuable addition to any investment portfolio.

Also Read: Bitcoin Halving Impact On Top BRC-20 Tokens! What To Expect This Month?

Come, Join the Revolution!

Scaramucci encourages people to invest in Bitcoin, even though its price can be unpredictable. He suggests starting with a small investment to learn about Bitcoin and enjoy being part of the cryptocurrency world.

He says Bitcoin isn’t just a gamble but a groundbreaking asset with a bright future.

Check Out: Will the Impact of Bitcoin Halving Have an Effect on BTC Price? Here’s What You Need to Know

What’s Ahead for Bitcoin: BTC Price Prediction

Scaramucci predicts Bitcoin’s price could reach $6-8 million in the future, but for now, it’s not a great way to protect against inflation or a fully trusted store of value because not enough people use it globally. He thinks that’ll change once Bitcoin has a billion users, which could happen around 2026.

Bitcoin is currently priced at $63,839.87, down 1.6% in the last day. But trading is still strong at $30.4 billion, with a market cap of 1.25 trillion.