Anthony Scaramucci, founder of New York-based investment firm SkyBridge Capital, said in a CNBC interview this week that Bitcoin is on track to almost double from current levels despite the 17% decline over the past month.
Scaramucci is known for his long-time bullish outlook on Bitcoin. He believes it is a "store of value asset," in other words, "digital gold," which can reach a market capitalisation of $12 trillion. In the latest interview, the founder highlighted multiple bullish factors ahead for Bitcoin, which could drive its price to $170,000 apiece and over $100,000 by year-end.
