SkyBridge's Scaramucci sees bitcoin over US$170,000 by 2025

<p>Posting this as an ICYMI on a forecast for leading crypto Bitcoin from hedge fund SkyBridge's Anthony Scaramucci.</p><p>He says that "If bitcoin's at $45,000 on the halving, where it roughly is right now, it'll be $170,000 by mid- to late 2025".</p><ul><li>"Wherever the price is on the day of the halving in April, multiply it by four, and it'll reach that price in the next 18 months,"</li></ul><p>The Mooch was speaking in the Swiss ski resort of Davos, report comes via Reuters. </p><p>—</p><p> 'Halvening' (some call it 'halving'):</p><ul><li>halvening cuts in half the amount of tokens that Bitcoin miners receive as reward for their work</li><li>this happens every 4 years</li><li>due next around April 2024</li><li>is part of the process of capping Bitcoin supply at 21 million tokens</li></ul><p>I wonder if the Mooch is talking his book? </p><p>;-) </p>

This article was written by Eamonn Sheridan at www.forexlive.com.