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Skybridge Estimates Bitcoin’s Fair Market Value at $40K and Ethereum’s at $2,800 – Markets and Prices Bitcoin News


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Skybridge Estimates Bitcoin’s Fair Market Value at $40K and Ethereum’s at $2,800 – Markets and Prices Bitcoin News

BITCOIN

Anthony Scaramucci is a prominent investor and the founder of Skybridge Capital. He’s also an avid supporter of bitcoin and ethereum, which he openly talked about during his recent appearance on the SALT Talks podcast. During the show, Anthony shared his views on institutional investors, non-fungible tokens (NFTs), and the potential price targets for BTC and ETH – read more below!

In a recent podcast, Skybridge Capital founder Anthony Scaramucci discussed his firm’s estimates for bitcoin and ethereum’s fair market values. According to him, BTC is more likely to reach $40,000 than any other price point. The prominent investor also shared his opinion about institutional investors and non-fungible tokens.

Anthony Scaramucci is a prominent investor and the founder of Skybridge Capital, a hedge fund. In a recent podcast, he discussed his firm’s estimates for bitcoin and ethereum’s fair market values. According to him, BTC is more likely to reach $40,000 than any other price point. The prominent investor also shared his opinion about institutional investors and non-fungible tokens.

While speaking on the topic of institutions entering the crypto space – which has been a hot topic in recent weeks – Scaramucci stated: “I think it’s going to be difficult for them because there are so many different protocols out there that have their own token.” He also noted that this will create confusion for traditional investors who may not know where or what crypto asset they should invest in or buy from an exchange because “there are so many different kinds of coins.”

Skybridge Capital founder Anthony Scaramucci has shared his firm’s estimate of bitcoin’s fair market value during the SALT Talks podcast. According to the hedge fund manager, the flagship cryptocurrency is more likely to reach $40,000 than any other price point.

Anthony Scaramucci is a well-known and highly respected investor, currently serving as the founder of Skybridge Capital. He is also an outspoken supporter of cryptocurrency, having recently shared his firm’s estimate of bitcoin’s fair market value during the SALT Talks podcast. According to the hedge fund manager, the flagship cryptocurrency is more likely to reach $40,000 than any other price point.

Scaramucci began by explaining that he founded his hedge fund in 2005, at which time it was “just me and my computer,” with no outside investors or partners. To date he has been able to grow this company into one that manages over $11 billion in assets under management (AUM), thanks largely to its extremely rigorous selection process when vetting potential investments—including a stringent due diligence period lasting anywhere from six months to two years per deal.

“We’ve run about 52 different analyses on what the price of bitcoin should be. I think the most likely outcome is that it’s going to go $40K,” he said. Scaramucci noted that Skybridge Capital has not purchased a large amount of bitcoin because “we like to only buy things that we completely understand”. He reiterated that his firm is conducting in-depth research on BTC before making a big investment. “I think if we had a big position in that thing and it collapsed under us, I would feel really uncomfortable, so we are going really slow,” he explained elaborating:

During the SALT Talks podcast, Skybridge Capital founder Anthony Scaramucci shared his firm’s estimate of bitcoin’s fair market value. The hedge fund manager said he believes BTC has a higher probability of reaching $40,000 than any other price point.

He explained:

> We’ve run about 52 different analyses on what the price of bitcoin should be. I think the most likely outcome is that it’s going to go $40K…I think if we had a big position in that thing and it collapsed under us, I would feel really uncomfortable, so we are going really slow…

Conclusion

“So, I think this is something that everyone should own. Everyone should have some bitcoin,” Scaramucci concluded. He explained that the digital currency will not be a replacement for gold or silver but rather “a really good store of value” that could be used as a payment system in the future.


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