GOLD - Bitcoin To $200K After Halving? SkyBridge's Scaramucci Believes The Crypto Will Eclipse Gold Market Cap | Benzinga
SkyBridge Capital's Anthony Scaramucci believes the upcoming Bitcoin (CRYPTO: BTC) halving could put the world’s largest crypto on a path towards $200,000 per coin.
What To Know: Thursday on CNBC’s “Squawk Box,” Scaramucci suggested that Bitcoin could soon break through new highs. He expects the crypto to trend higher over the next 12 months.
“Long term, with the halving coming this week … I think this thing trades to $170,000, possibly to $200,000,” Scaramucci said.
Bitcoin miners receive a reward for successfully mining transactions. The amount of rewards miners receive is set to be cut in half in the coming days. Crypto markets have historically rallied in the months following a halving event.