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06 March 2021

Skybridge Capital Founder Predicts $100K Bitcoin Price This Year Due to 'Heavy Demand' and Diminishing Supply – Markets and Prices Bitcoin News

Skybridge Capital Founder Predicts $100K Bitcoin Price This Year Due to 'Heavy Demand' and Diminishing Supply – Markets and Prices Bitcoin News


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Skybridge Capital Founder Predicts $100K Bitcoin Price This Year Due to 'Heavy Demand' and Diminishing Supply – Markets and Prices Bitcoin News.

The founder of asset management firm Skybridge Capital, Anthony Scaramucci, has predicted that the price of bitcoin will reach $100,000 before the year-end simply due to supply and demand.

Skybridge Capital founder and managing partner Anthony Scaramucci talked about his expectations for the price of bitcoin and his firm’s investment in the cryptocurrency during an interview with CNBC last week.

Noting that he sees ferocious demand in bitcoin while its supply is decreasing, Scaramucci expects the price of the cryptocurrency to double by the end of the year.

The demand for bitcoin has been fast growing, particularly from institutional investors, which did not exist during the 2017 bitcoin bull run.

However, according to blockchain analytics firm Glassnode, 78% of the bitcoin supply is not liquid.

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