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
Everyone already knows about the demand and supply thing, and we are all aware that the price will reach that $100,000 price rate, but the question is when? The when it will be is the question that we can’t really answer.
Last year that’s how one of them said that before the end of 2020 that Bitcoin was reaching over 300,000 dollars, but that never happened lol. They think because they are in high positions they can just say anything and it will happen in this market. Don’t be surprised if the price doesn’t show up as $100,000 before this year ends as he has said lol. Just because price has been steady going up a lot of them has forgotten that there can be a bear market at anytime.