The unstable and unpredictable nature of Bitcoin is a known fact. However, Anthony Scaramucci of SkyBridge has determined that it’ll acquire a hundred percent price boost in spite of that. As 2021 concludes, the renowned online currency is said to become incredibly valuable, potentially nearing the $100,000 price tag. Scaramucci shared information that the pressure for acquiring it has been exceptionally great in the market recently. This is the exact reason his own investment firm has acquired around millions of it in the possession and is already seeking more.
Their particular company has been at the forefront of this whole situation. They’ve been managing a fund for it since 2020 and are willing to spend billions due to its growing value. They expect the importance of this cryptocurrency’s asset to grow exponentially. Not only are they well-aware of the rapid growth that is currently in motion for it, but also wholeheartedly believes in its value for the coming era.
The founder was even bold enough to compare the significance of this cryptocurrency to that of gold and other highly valuable material assets. This vouches for the security and assurance they have in investing large sums of money in this.
The unpredictability of bitcoin, though, isn’t a fact that should be underestimated. Therefore, he emphasized being cautious while investors made the decision to invest. Nonetheless, he appears to have incredibly high hopes for what this cryptocurrency will eventually turn into in terms of value towards the end of the year. This is due to its recent scarcity in the market and ever-growing demand simultaneously alongside it. It’s a combination that’s bound to prove to be quite fruitful.
Following this path of unadulterated optimism, numerous other large corporations have decided to invest large sums of money for this promising endeavor as well. Additionally, the founder of the company named another company called MicroStrategy to represent a corporation that plans to invest heavily in bitcoin throughout the current year. They’ve allocated their funds already.
The founder of the company preferred not to go into detail regarding the bitcoin fund they’d launched in preparation for the year. However, he formally commented on implying that it was running smoothly, as the company has acquired half a billion worth of bitcoin already.