However, in a post on X, Scaramucci wrote that he believes that Bitcoin will still record future gains beyond the current cycle. Hence, he reassured those who do not hold Bitcoin that it is “early.” He said, “It may feel like you missed it, but you didn’t.”
Scaramucci believes that Bitcoin, as an asset with long-term value, still has better days ahead. Therefore, those willing to jump on the adoption train can still do so as future events will shape up to have a bullish impact on Bitcoin.
Notably, he references the possibility of the U.S. government establishing a “Strategic Bitcoin Reserve.” This could have broad implications for the asset; as such, a move might trigger broader acceptance by other countries across the globe in Bitcoin acquisition. Such a development will trigger bullish sentiment for the asset.
The founder of SkyBridge Capital has always been positive about Bitcoin. As reported by U.Today, Scaramucci predicted that by 2026, Bitcoin could become a store of value when it gains wider usage, say, one billion users.
As of this writing, Bitcoin has maintained its bullish trajectory and is trading for $87,268.45, a 6.39% climb in the last 24 hours. According to data, the coin had earlier tested the 90K level – when it hit $89,729.
This article was originally published on U.Today
Source: Cryptocurrency - investing.com
