{"id":176479,"date":"2023-10-18T14:57:29","date_gmt":"2023-10-18T09:27:29","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=176479"},"modified":"2023-10-18T14:57:29","modified_gmt":"2023-10-18T09:27:29","slug":"anthony-scaramucci-lays-out-potential-price-targets-for-bitcoin-and-ethereum-updates-outlook-on-algorand-algo-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/anthony-scaramucci-lays-out-potential-price-targets-for-bitcoin-and-ethereum-updates-outlook-on-algorand-algo-crypto-news\/","title":{"rendered":"Anthony Scaramucci Lays Out Potential Price Targets for Bitcoin and Ethereum, Updates Outlook on Algorand (ALGO) – Crypto News"},"content":{"rendered":"

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SkyBridge Capital founder Anthony Scaramucci is identifying his price targets for Bitcoin (BTC<\/a>) and Ethereum (ETH<\/a>).<\/p>\n

In a new interview with Altcoin Daily, Scaramucci says<\/a> that the king crypto could hit six figures within a year after Bitcoin\u2019s halving event.<\/p>\n

\u201cI believe six to 12 months after the halving cycle, there\u2019s no reason why Bitcoin couldn\u2019t be at $100,000. Just given what I know about demand and given what I know about the cycle and where the miners are, and so forth, and plus, we may get some interest rate relief. That\u2019s a 3x bump. That\u2019s happened in the world of technology all over the place, so it certainly could happen to Bitcoin.\u201d <\/em><\/p>\n

Bitcoin\u2019s next halving event, when miners\u2019 rewards of cut in half therefore reducing new supply, is expected in April 2024.<\/p>\n

Bitcoin is trading for $28,472 at the of writing.<\/p>\n

Next, Scaramucci says ETH could soar by more than 185% from its current value in six to 12 months after BTC\u2019s halving event.<\/p>\n

\u201cEthereum, I am not as close to, although we do have a position in it. Could Ethereum be $4,500 by then? Why not? You know it\u2019s a great utility. Speeds have improved. The layer-2s have helped it. Why not? Why couldn\u2019t it be $4,500? These things are maturing.\u201d <\/em><\/p>\n

Ethereum is worth $1,576 at time of writing.<\/p>\n

Lastly, the trader weighs in on smart contract platform Algorand (ALGO<\/a>). He predicts it could increase by more than 200% from its current value.<\/p>\n

\u201cI\u2019m bullish. I thought at $1 it could have easily gotten to $5. I\u2019ve gotten this wrong. The thing is trading at $0.09 or $0.10\u2026 <\/em><\/p>\n

But could Algorand from here \u2013 because we can only price ourselves today, we can\u2019t go back into the past \u2013 could it be a $0.30 token as they continue their development and continue the adoption of what they\u2019re doing and bringing in corporations that love the technology? I believe it can.\u201d <\/em><\/p>\n

ALGO is trading for $0.092 at time of writing.<\/p>\n