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Bitcoin News Alerts | Daily BTC News

1017: SKYBRIDGE CAPITAL CEO PREDICTS BITCOIN WILL REACH $300K SOON - HERE’S WHEN!!

Bitcoin News Alerts | Daily BTC News

Bitcoin News Alerts

Investing, Education, News, Business, Tech News

3.6626 Ratings

🗓️ 14 August 2022

⏱️ 20 minutes

🧾️ Download transcript

Summary

SkyBridge Capital founder Anthony Scaramucci tells crypto investors to avoid knee-jerk reactions as he predicts a huge price tag for Bitcoin of $300,000 per BTC. He went on to express his bullishness on the cryptocurrency market by stating that the “future” is coming sooner than he thought and Bitcoin will reach $300,000 within a few years. "I tell people, ‘Just relax. See through this.’ We see a pretty optimistic scenario for Bitcoin, Ethereum, Solana and Algorand over the next 12 to 24 months.” Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

In today's show, Bitcoin hits $25,000 as bearish voices called Bitcoin Price Double Top.

0:06.0

In today's show, I'll be breaking down the latest technical analysis, including

0:08.9

crypto analyst, crypto capo, $25,000 reach, but no bearish signs yet on the lower time frame.

0:14.1

We can see another leg up to $25,400 to $25,500.

0:18.3

But in my opinion, the top of this bear market rally is very close. Most altcoins are

0:22.8

reaching major resistances, and quoting crypto Tony, looking for the range high flip and to support

0:27.9

before I look to Relong, Legends 100. And as Dave the Wave shares here, plenty of upward pressure

0:33.5

building at the level of resistance. Weekly MacD about the cross from an oversold position well below the zero line. Bullish. And quoting plan B, Bitcoin moving away from the realized price,

0:43.1

which you can see here in the light blue. And he also says max pain equals never below $20,000 ever again.

0:49.8

Now check this out. 10 year returns on Bitcoin. We're up over 210,% while the best-performing stock Tesla is only up 15,000%. Also in today's show, one metric will dictate the Ethereum price action as the massive upgrade approaches, according to crypto analytics firm, Santiment, quoting them here with Ethereum's final test net merged Thursday. Price prices briefly jumped above $1,900.

1:11.6

Developers confirm that the much-anticipated, ETH upgrade will happen on September 15th or the 16th.

1:17.7

Social volume will dictate the price volatility leading up to the event.

1:21.6

Also in today's show, former Goldman Sachs executive makes high conviction call for crypto bottom amid shifting macro backdrop. That's right.

1:29.0

Rao Powell was recently interviewed and shared the following. My view is, let's give it a probability,

1:33.8

70% probability. So that's pretty high conviction that the low is in. And therefore, we're starting

1:38.9

the upside cycle. Also in today's show, here's what can trigger Bitcoin and Ethereum to search

1:43.4

the new all-time highs, according to crypto veteran, Bobby Lee, quoting him here from a recent Bloomberg interview.

1:49.0

If the bear market doesn't materialize, you can easily see Bitcoin and Ethereum go back towards their previous highs, especially with this upcoming upgrade for Ethereum.

1:57.2

This is very important for the crypto ecosystem.

1:59.8

Everyone's anticipating it. Also in today's show, Anthony

2:03.1

Garamucci of Skybridge Capital believes Bitcoin will reach $300,000 soon. That's right, quoting him here.

2:09.8

I tell people just relax. See through this. We see a pretty optimistic scenario for Bitcoin,

...

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