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HomeCrypto NewsMarketFormer White House Communications Director Says Crypto Prices Will Soon Have A Very Strong Rally

Former White House Communications Director Says Crypto Prices Will Soon Have A Very Strong Rally


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Former White House Communications Director and founder of SkyBridge CapitalScaramucci remains bullish on crypto despite negative prices.

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Anthony Scaramucci has remained bullish on cryptocurrencies despite the recent underperformance of the emerging assets. 

In a CNBC interview today, the SkyBridge founder suggested that the price of crypto assets will rally again toward the end of the year. 

“I think things are going to settle out. People are going to be surprised by the strength of the market going into the back half of the year and early 2023,” Scaramucci was quoted as saying. 

The SkyBridge Capital founder is confident in his prediction for the emerging market based on past performance of crypto. 

According to Scaramucci, crypto prices usually rally whenever there is positive news. 

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“Every time there’s a little bit of good news, the crypto market usually has a very strong rally. People get their faces ripped off when they least expect [crypto prices to surge],” he added. 

Scaramucci Remains Bullish on BTC, But…

Scaramucci has always been bullish about cryptocurrencies, especially Bitcoin. He has made favorable predictions for the world’s largest cryptocurrency by market capitalization on different occasions. Scaramucci speculated that the BTC price would hit $100,000 in the next two years in March

Despite his favorable prediction for the asset class, Scaramucci still thinks BTC has not attained the maturity to be considered a potential inflation hedge. 

“You just don’t have the wallet bandwidth with Bitcoin. It’s still an early adopting technical asset,” Scaramucci said. 

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Ammara Mubin is a cryptocurrency reporter and trader with vast experience in the industry. Mubin has written several news stories related to the crypto industry, including non-fungible tokens (NFTs), decentralized finance (DeFi), fundraising, mining, etc. Her major focus is covering regulatory events that are capable of shaping the entire crypto ecosystem.

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