2024

Bitcoin

April

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/anthony-scaramucci-foresees-monumental-bitcoin-surge-to-200000-by-2024" rel="noopener noreferrer nofollow">Anthony Scaramucci Foresees Monumental Bitcoin Surge to $200,000 by 2024</a><br></p>
<p style="text-align: justify">Anthony Scaramucci, CEO of SkyBridge Capital and a seasoned hedge fund manager, recently projected that <a href="https://en.bitcoinhaber.net/sec-approves-11-spot-bitcoin-etfs-amid-market-movements" rel="noopener noreferrer nofollow">Bitcoin</a>’s value may soar to a staggering $200,000 by the year 2024. This optimistic forecast is tied to the <a href="https://en.bitcoinhaber.net/bitcoin-price-shows-strong-performance-at-the-beginning-of-the-month" rel="noopener noreferrer nofollow">cryptocurrency</a>‘s upcoming halving event, scheduled for April of the same year, which is set to reduce the rewards for Bitcoin miners by fifty percent.</p>
<h2 id="implications-of-the-bitcoin-halving">Implications of the Bitcoin Halving</h2>
<p style="text-align: justify">Scaramucci’s bold prediction draws from the past performance of Bitcoin after similar events. He asserts that based on the digital currency’s 14-year history, its value has shown a consistent pattern of quadrupling post-halving. With Bitcoin’s current value hovering around $63,000, he envisions a significant surge following the halving, potentially reaching the $200,000 mark.</p>
<h2 id="recent-bitcoin-price-momentum">Recent Bitcoin Price Momentum</h2>
<p style="text-align: justify">As of now, Bitcoin has reclaimed strength to surpass the $63,000 threshold. This represents an 8.4% increase over the last day and a substantial 40% growth since the commencement of February. Scaramucci points to the limited supply of Bitcoin in the market as a primary factor for this uptick. Further, he notes that the inflow of Bitcoin through spot exchange-traded funds (ETFs) is outpacing the network’s daily production by a factor of 12 to 14.</p>
<p style="text-align: justify">This discrepancy between supply and demand is generating upward pressure on Bitcoin’s price. Scaramucci opines that those who remain skeptical or are betting against Bitcoin are finding themselves in a precarious situation due to this dynamic. He believes that it is this supply-demand imbalance that is contributing to the notable price ascension observed in recent times, marking a strong rebound for Bitcoin following a substantial dip.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/anthony-scaramucci-foresees-monumental-bitcoin-surge-to-200000-by-2024" rel="noopener noreferrer nofollow">Anthony Scaramucci Foresees Monumental Bitcoin Surge to $200,000 by 2024</a></h5>

Anthony Scaramucci Foresees Monumental Bitcoin Surge to $200,000 by 2024

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