Will Bitcoin Be "Big Winner" This Year? Scaramucci and Pompliano Think So

09/26/2024 01:41
Will Bitcoin Be "Big Winner" This Year? Scaramucci and Pompliano Think So

Bitcoin might end up outperforming other assets in 2024, according to Scaramucci and Pompliano

Bitcoin might end up outperforming other assets in 2024, according to Scaramucci and Pompliano

Will Bitcoin Be "Big Winner" This Year? Scaramucci and Pompliano Think So

Cover image via www.freepik.com

Will Bitcoin, the leading cryptocurrency, outperform other assets in 2024? Eccentric American financier Anthony Scaramucci appears to think so. 

The head of asset management firm SkyBridge Capital recently took to the X social media network to share a recent CNBC interview with vocal Bitcoin proponent Anthony Pompliano. 

Scaramucci highlighted Pompliano's quote about the former's expectations regarding the cryptocurrency's price performance during the remaining part of 2024. 

During his interview, Pompliano has explained that Bitcoin tends to be the most sensitive asset when it comes to global liquidity. "I think that Bitcoin ends up being a big winner whenever we get cheap money flow into the system. And it feels like we just went through this big regime change. We were tightening. Everyone was trying to drain liquidity from the system. Now, we gonna go the other way," he stressed.  

Related

Bitcoin (BTC) Golden Cross Coming, Ethereum (ETH) Reclaims Bullish Trend, Binance Coin (BNB) Breaks 65-Day Resistance

Pompliano has admitted that it is hard to tell what exactly is pushing the price of Bitcoin. At the same time, he has pointed to the fact that more than 50% of Bitcoin is being held for more than a year. This, according to Pompliano, is "the best signal." 

As reported by U.Today, Scaramucci recently predicted that the Federal Reserve's interest rate cuts would be able to push the price of Bitcoin higher. He also named the introduction of clear crypto regulation as another possible catalyst. The financier has predicted that the leading cryptocurrency could soar to $100,000 this year. 

Earlier this year, Scaramucci opined that Bitcoin could end up becoming a store of value by 2026.

About the author

article image

Alex Dovbnya

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at [email protected].

Related articles

Advertisement

TopCryptoNewsinYourMailbox

TopCryptoNewsinYourMailbox

Read more --->