“One Bitcoin will easily trade at $500,000,” Anthony Scaramucci said in an interview with CNBC.
After touching an all-time high of $68,600 on 9 November, Bitcoin held the price level of $63,000 on Monday.
If Cathie Wood is correct, you would have a billion wallets by the end of 2024 and into the middle of 2025.
Michael Saylor, CEO of MicroStrategy, one of the largest institutional holders of Bitcoin, believes that BTC’s volatility will decrease in the future amid a jump in its institutional adoption.
The current volatility is a function of narrow distribution, excessive leverage, exposure to other crypto assets, and asymmetric tax, accounting, banking, & exchange standards vs.