Cryptocurrency reaches new highs, signaling a potential increase of 130% in value in the near future.
In a bold prediction, renowned financial expert Anthony Scaramucci has forecasted a 130% increase in Bitcoin's price by mid-2026, with a potential tripling of its value in the subsequent 18 to 24 months. This optimistic outlook is primarily based on his view that Bitcoin remains in an early growth phase and is significantly undervalued compared to its long-term potential.
Scaramucci compares the current Bitcoin price to the historic acquisition of Manhattan Island in 1626, implying that the current price is a foundational investment opportunity that precedes massive future gains. He believes that despite Bitcoin reaching new all-time highs around $111,999, its current valuation is low relative to what he foresees as a transformative and widely adopted digital asset.
Scaramucci's belief in a tripling of Bitcoin’s value stems from three key factors:
- The expectation of increased adoption, where Bitcoin's user base and institutional investment continue to grow, driving the market cap substantially higher, potentially rivaling gold's market cap in the long run.
- A perspective that Bitcoin’s supply scarcity combined with growing institutional interest supports a strong upward trajectory in its price.
- General bullish sentiment supported by related market forecasts that place Bitcoin's price in the range of approximately $170,000 to $200,000 by late 2025 or 2026, consistent with Scaramucci's optimistic estimates.
Meanwhile, the growing acceptance of Bitcoin is evident, particularly among institutional investors. However, the asset remains highly polarizing, with some viewing it as a genius investment and others as daring and crash-prone.
In related news, the Best of Krypto Index has been introduced, which includes the ten largest crypto coins, weighted by their market capitalization. The index certificate can be traded conveniently via the Frankfurt Stock Exchange, and no account (no wallet) at a crypto exchange is needed for trading the index.
Interestingly, Boersenmedien AG, the company behind the Best of Krypto Index, has entered into a cooperation agreement with the issuer of the displayed securities, granting the issuer a license to use the index. Both CEO Bernd Foertsch and member of the board Leon Mueller, who are majority shareholders of Boersenmedien AG, have also taken positions in Bitcoin.
Despite the bullish sentiment, it's worth noting that legendary investor Warren Buffett remains a critic of Bitcoin. However, former US President Donald Trump has expressed support for cryptocurrencies, stating he wants the US to be the "crypto capital of the planet" and the "Bitcoin superpower of the world."
As of now, Bitcoin, with an ISIN of CRYPT0000BTC, currently trades at $73,000. Its value briefly surpassed $75,000 following Donald Trump's election victory. Scaramucci's target price for Bitcoin by mid-2026 is $170,000, a significant increase from its current value. Whether this prediction will come to fruition remains to be seen.
Scaramucci's optimistic estimates for Bitcoin imply a possible investment opportunity in the finance sector, as he projects a potential tripling of its value in the following 18 to 24 months, reaching approximately $170,000 by mid-2026. The growing acceptance of Bitcoin, particularly among institutional investors, underscores its potential as a significant player in technology-driven finance and investing.
