Because of the month-to-month exponential growth in demand, Anthony Scaramucci, CEO and founder of SkyBridge Capital, <a href="https://twitter.com/Scaramucci/status/1432751143365619712" target="_blank" rel="nofollow noopener">predicts</a> Bitcoin will reach $100k per BTC before the end of the year.
<h2>Scaramucci Predicts $100k Per BTC Before The End Of The Year</h2>
“The simple truth is that you have a finite and fixed supply of Bitcoin and you have exponentially greater demand every month,” Scaramucci said in an exclusive interview. 
“I see those prices growing as long as I see that.” So we'll remain with the $100,000 pricing point,” he said.
Scaramucci, a former Bitcoin skeptic, created SkyBridge Capital's first Bitcoin fund with a $25 million investment last year. Since then, the company has gradually increased its holdings of digital gold.
Scaramucci stated, "We now have approximately $650 to $700 million worth of Bitcoin throughout our product portfolio."

<h2>Bitcoin Price Rising, Reaching All-time High</h2>
Bitcoin price has been swiftly rising, reaching all-time highs in the last week. Since the beginning of the year, cryptocurrency has risen by over 76%. 

Its market capitalization now exceeds $1 trillion. At the time of writing, the current price of Bitcoin is $46,575.

Bitcoin demand has been rapidly increasing, notably from institutional investors, which did not exist during the 2017 Bitcoin bull run. 

However, according to Glassnode, a blockchain analytics startup, 78% of the Bitcoin supply is not liquid. 
According to the company, “currently 14.5M BTC are categorized as illiquid, leaving just 4.2M BTC in continual circulation that may be bought and sold.”
Scaramucci warned individual investors, saying, "The issue is volatile, and I want to be cautious with individual investors... Take precautions.” In terms of his own asset management company, he stated:
It appeals to us. We now have more than $500 million in Bitcoin. And, of course, our Bitcoin fund began in December. It's done really well.

<h2>Skybridge Launches Its Bitcoin Fund</h2>
Scaramucci has been a supporter of Bitcoin for a long, believing that the major cryptocurrency is expanding faster than internet behemoths such as Google, Facebook, and Amazon. 

That is why he predicts Bitcoin will have one billion users by 2025.
“This is a future-oriented technology and product, and the future will arrive sooner than people expect.”
Skybridge <a href="https://www.cryptoknowmics.com/news/anthony-scaramuccis-skybridge-capital-plans-on-launching-bitcoin-fund/" target="_blank" rel="nofollow noopener">established </a>its Bitcoin fund in December of last year with a $25 million investment of its own money. The fund opened its doors to outside investors in January, with a $310 million first investment. 
Scaramucci stated that his company "may be at the precursor of an avalanche of institutional investors heading in, with orders building up from a broad range of institutions for the first quarter of 2021."

Anthony Scaramucci Predicts $100K Per BTC Is Still Possible Before The End Of The Year

According to Anthony Scaramucci, CEO of SkyBridge Capital, the exponential monthly growth in demand will push BTC beyond $100k before the end of the year.

Kavya Barua is a voracious learner who is fascinated by crypto and Fintech advancements. Graduated from Janki Devi Memorial College's B.A (Hons) English program at the University of Delhi. She aspires to be a successful professional, having a keen interest in learning and achieving results.

Anthony Scaramucci Predicts $100K Per BTC Is Still Possible Before The End Of The Year

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