Skybridge capital founder(Anthony Scaramuc) predicts Bitcoin to hit another ATH of $100k before the end of the year
His words in quote were
"I do think we see $100,000 in this coin before year-end … It’s just a supply and demand situation. You don’t have a lot of supply out there and very heavy demand"
And we know total Bitcoin available is 21 million where 78%(14.5 million) of the Bitcoin supply is not liquid leaving 22%(4.2 million) for buying and selling; Which will lead to the higher demand in Bitcoin and according to the skybridge founder low supply high demand keeps Bitcoin rising
Source:
https://news.bitcoin.com/skybridge-capital-predicts-100k-bitcoin-price-this-year-heavy-demand-diminishing-supply/I believe he is right about the demand and supply of bitcoin affecting its price. This is something every bitcoin users understand. We all understand the effect of supply and demand and how it affects the price of bitcoin.
I, however, do not believe there is anyone who can accurately predict what will happen to the price of bitcoin. You should know that quite a lot of so-called experts have made predictions like this over the years and were totally wrong.
While it is totally possible that bitcoin may hit $100K before the end of the year, one shouldn't bank on just predictions.
.
.