Famous analyst sets Bitcoin target: Is $100,000 possible?

What did American financier Anthony Scaramucci and Bitcoin maximalist Anthony Pompliano say about BTC?

The president of the asset management company SkyBridge Capital recently shared a CNBC interview with Anthony Pompliano, one of the leading advocates of Bitcoin on X. Scaramucci pointed out the quote where Pompliano expressed his expectations for the price performance of Bitcoin for the rest of 2024.

“Bitcoin can reach $100,000 before the end of the year!”

During the interview, Pompliano noted that Bitcoin tends to be the most sensitive asset when it comes to global liquidity. 'I think Bitcoin is a big winner when we provide liquidity to the system. And we feel like it has gone through a major regime change. Everyone was trying to withdraw liquidity from the system. Now, we will do the opposite,' he emphasized.

Scaramucci recently predicted that Federal Reserve interest rate cuts could push Bitcoin prices further up. The renowned financier also believes that the leading cryptocurrency could reach $100,000 this year. Additionally, Scaramucci stated earlier this year that Bitcoin could become a store of value until 2026.

Bitcoin's potential to reach $100,000 within the year is eagerly anticipated. The 50 basis point interest rate cut by the Fed has created a positive atmosphere in the crypto industry. However, the upcoming US presidential elections are causing uncertainty. If Donald Trump is re-elected, there could be sharp increases in cryptocurrencies. The impact of Kamala Harris' election on the market is still uncertain. If BTC settles above $70,000, bullish signals will strengthen.

This article does not contain investment advice or recommendations. Every investment and trading activity involves risk, and readers should conduct their own research when making decisions.