Anthony Scaramucci sees bitcoin's 'fair market value' at $40,000, while ether's should be $2,800.
to Anthony Scaramucci, though, the worst of the bear market is over. The asset might still plunge in the near future, but it should not drop below the $17.5K level, he claimed:
“We believe that the leverage has been blown out of the system. It’s possible for bitcoin to slide, but I don’t think it’s going below the low that was reached for this cycle, which should be at around $17,500.”Scaramucci further argued that based on “adoption, wallet size, use cases, and growth of wallets,” bitcoin’s “fair market value” at the moment is approximately $40,000. Ether, on the other hand, should be worth about $2,800.
“I don’t regret it… To me, short-term is a mistake but remember; everyone is a long-term investor until they have short-term losses. So, I want to measure the bitcoin investment over a four-year interval. I think if you’ve held bitcoin for a rolling four-year cycle, you’ve made money,” Scaramucci said at the time.them to distribute not more than 5% of their total savings in the asset class.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin traders pinpoint key levels to watch as BTC price tests key trendlinesWhile the future remains unclear for Bitcoin, some key price points will determine its path forward. (Reporting via WilliamSuberg)
Read more »
'Bitcoin Valley' Launches in Honduras — 60 Businesses Accept BTC to Boost Crypto-Tourism – Featured Bitcoin News'In Santa Lucia, we are all going to participate in this project,' said a local business owner about Bitcoin Valley. $BTC crypto cryptocurrency
Read more »
Bitcoin network activity decline suggests longer bear market: GlassnodeGlassnode’s latest report explains that the recent price pump may be short-lived if network demand continues to be sustained only by long-term holders and those with high conviction about the tech.
Read more »
Man Who Lost $180 Million Bitcoin Hard Drive 9 Years Ago Still Trying to Dig Through TrashA crypto enthusiast wants to dig through a landfill to recover a tossed hard drive, which he says contains roughly $180 million worth of Bitcoin.
Read more »
Microstrategy Outperforms Every Asset Class and Big Tech Stock Since Adopting Bitcoin Strategy, Says CEO – Featured Bitcoin News'Since Microstrategy adopted a bitcoin strategy, its enterprise value is up +730% (+$5 billion),' said the CEO. crypto cryptocurrency $BTC $MSTR
Read more »
Bitcoin holds above 200-weekly moving average showing resilience despite crypto hacksThis morning August 3, Bitcoin (BTC) was able to retake $23,000, which is positive news for bulls since it means... Continue reading
Read more »