Nov 4, 2024, 12:15 PM
Nov 4, 2024, 12:15 PM

Anthony Scaramucci Predicts Bitcoin Will Skyrocket to $170,000

Provocative
Highlights
  • The U.S. budget deficit has expanded to $1.833 trillion, raising fears of a potential debt crisis.
  • Scaramucci supports Kamala Harris's economic agenda over Donald Trump's policies, which are favored by many in Wall Street.
  • He forecasts that Bitcoin could reach $170,000 by mid-2026 due to high demand and its limited supply.
Story

As the U.S. faces a significant budget deficit of $1.833 trillion for the fiscal year ending September 30, concerns surrounding potential debt crises have heightened. Anthony Scaramucci, founder of SkyBridge Capital, expresses a positive outlook on economic strategies, suggesting that a controlled rise in inflation could stabilize the economy. In this economic landscape, he notably supports Vice President Kamala Harris's economic agenda over former President Donald Trump's more business-oriented policies. Scaramucci also provides an optimistic forecast for Bitcoin, predicting it could nearly triple in value to $170,000 by mid-2026, attributing this potential rise to high demand and the cryptocurrency's limited supply. Finally, despite a challenging regulatory environment, Bitcoin has already observed a significant increase in value in the past year, indicating a robust market interest.

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