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Anthony Scaramucci, the CEO of SkyBridge Capital and a renowned fund manager, has provided price targets for <a href="https://en.coin-turk.com/bitcoin-price-and-implied-volatility-show-negative-correlation/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> (<a href="https://en.coin-turk.com/bitcoin-and-crypto-latest-update-will-the-28000-cryptocurrency-surge-continue/" data-wpel-link="internal" rel="noopener noreferrer nofollow">BTC</a>) and Ethereum (ETH). Scaramucci also highlighted Algorand (ALGO) as an altcoin that he expects to make significant gains.
<h2 style="text-align: justify" id="strong-expecting-a-triple-increase-in-bitcoin-and-a-double-increase-in-ethereum-strong">Expecting a Triple Increase in Bitcoin and a Double Increase in Ethereum</h2>
In an interview with <a href="https://en.coin-turk.com/req-coin-price-surges-by-80-whats-behind-the-rally/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Altcoin</a> Daily, the famous fund manager Anthony Scaramucci made important statements. Scaramucci stated that the largest cryptocurrency could reach six-figure numbers within a year after the block reward halving, saying:
<blockquote>
 “I believe there is no reason for Bitcoin not to be at $100,000 within 6 to 12 months from the block reward halving. Based on what I know about demand, the cycle, where miners are, and other factors, combined with some easing in interest rates, this could mean a triple increase. This happened in the technology world everywhere, so it could happen in Bitcoin as well.”
</blockquote>
<img decoding="async" class="aligncenter size-full wp-image-267732" src="https://coin-turk.com/wp-content/uploads/2023/10/Bitcoin-BTC-Altcoin-1.jpeg" alt="" width="800" height="534">
The block reward halving in Bitcoin is the reduction of miners’ rewards in BTC per block, resulting in a decrease in new supply. The next block reward halving is expected to occur in April 2024.
Furthermore, Scaramucci suggested that Ethereum could increase by more than 185% from its current value after Bitcoin’s block reward halving. Although he has a position in Ethereum, the famous fund manager stated, “Am I that close to it? Could Ethereum be $4,500 by then? Why not? You know it’s a great investment tool. Transaction speeds have increased. Layer-2 solutions have helped. Why not? Why not $4,500? These things are maturing.”
<h2 style="text-align: justify" id="strong-predicting-a-double-increase-in-algorand-algo-strong">Predicting a Double Increase in Algorand (ALGO)</h2>
Scaramucci also discussed the smart contract platform Algorand and its token ALGO. He believes that the price of ALGO could increase by over 200%:
<blockquote>
 “I thought ALGO had already risen, easily going from $1 to $5, but I was mistaken. It is currently trading at $0.09 or $0.10. However, as Algorand continues to evolve, as they continue to gain adoption for what they’re doing, and as they bring in companies that love the technology, could it be a $0.30 token? I believe it could.”
</blockquote> Continue Reading: <a href="https://en.coin-turk.com/famous-fund-manager-reveals-bitcoin-and-ethereum-price-targets-points-to-promising-altcoin/" data-wpel-link="internal" rel="noopener noreferrer nofollow">https://en.coin-turk.com/famous-fund-manager-reveals-bitcoin-and-ethereum-price-targets-points-to-promising-altcoin/</a>

Famous Fund Manager Reveals Bitcoin and Ethereum Price Targets, Points to Promising Altcoin

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