This was a bold statement made by the CEO of a global investment firm headquartered in Novel York Bitcoin the six-figure price mark will be exceeded soon.

SkyBridge Capital founder Anthony Scaramucci said BTC would trade at $176,000 in the next two years, joining other cryptocurrency investors who believed the oldest cryptocurrency was poised for a six-figure price per coin.

Bitcoin will triple in value

Scaramucci praised the alpha crypto asset for maintaining price growth in just the tiny term, adding that he sees further growth in the digital asset over the next two years.

Scaramucci’s statement came just in time as BTC regained momentum today and once again reached the $70,000 level after the cryptocurrency spooked many investors when the value of the digital asset dropped to $68,000 yesterday.

According to Scaramucci, he has an ambitious forecast on Bitcoin, saying that by mid-2026 the price of the cryptocurrency will be $176,000. In the previous days, several notable cryptocurrency figures shared the same vision with Scaramucci on the likelihood of BTC reaching six-figure levels. One of them even predicted a price of $220,000.

SkyBridge’s Scaramucci says US will solve debt crisis and bitcoin will triple by 2026 https://t.co/aKYDI6vW2N pic.twitter.com/1BQCdomKHy

— Reuters (@Reuters) October 30, 2024

The SkyBridge founder explained that the price of the cryptocurrency could triple within 18 to 20 months, stating that an raise is highly likely because there is a growing demand for the coin but the supply is constant, which is the right ingredient for an exponential price raise.

Kamala Harris supporter

Scaramucci is one of the few high-profile cryptocurrency investors who have announced their support for the presidential candidacy of current US Vice President Kamala Harris.

Scaramucci revealed in previous interviews that Harris would be there supporting Bitcoin when she was elected to the White House.

SkyBridge’s managing partner has worked closely with the vice president’s camp to develop policies that will enable the cryptocurrency to thrive under her administration.

He added that there have been developments in Harris’ crypto program, which he plans to reveal soon.

BTC Gold Connection

In a separate interview, Scaramucci supported gold’s relationship with Bitcoin, saying BTC is comparable to gold as an asset.

The SkyBridge founder described the original virtual coin as the digital gold of the cryptocurrency world. He noted that other leading financial experts, including BlackRock CEO Larry Fink, also believe in the Bitcoin-gold comparison, predicting that BTC will reach half of gold’s market capitalization.

He suggested that it would take Bitcoin about 10 years to reach such a milestone, which would greatly benefit its investors as they would receive a tenfold return on their BTC investment.

At the time of writing, gold is trading at $2,754 per ounce, a up-to-date all-time high, and has a market capitalization of $18.494 trillion.

Featured image from DALL-E, chart from TradingView