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/
Because high demand creates high hitcoin prices. In this trend, large institutional investors jumped in, silently buying bitcoins to hoard bitcoins. Right now, bitcoin's popularity and acceptance are widespread. This will drive demand for bitcoin even higher. And I think bitcoin even surpasses $ 100k this year. "Morgan Stanley became the first US banking institution to provide customers with access to Bitcoin funds" - a boldness not inferior to Elon Musk. 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/
https://u.today/huge-milestone-for-bitcoin-adoption-as-morgan-stanley-now-lets-wealthy-clients-own-largest