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1007: HEDGE FUND CEO ANTHONY SCARAMUCCI SAYS BITCOIN ALREADY BOTTOMED AND HAS $40K FAIR MARKET VALUE!!

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Manage episode 336709118 series 2835096
Content provided by Justin Verrengia. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Justin Verrengia or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

SkyBridge Capital founder Anthony Scaramucci says that Bitcoin is way below its actual fair value by 70%, and that the bottom is likely already in for the king crypto.

In a new interview with MarketWatch, the veteran hedge fund manager says his firm’s metrics put the current Bitcoin value at roughly $40,000 per coin.

“We believe that the leverage has been blown out of the system. I don’t think it’s going below the low that was reached for this cycle, which would be at around $17,500.

According to our fair market value metrics based on adoption, wallet size, use cases, growth of wallets, we think the fair market value for bitcoin right now is about $40,000.”

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

1064 episodes

Artwork
iconShare
 
Manage episode 336709118 series 2835096
Content provided by Justin Verrengia. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Justin Verrengia or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

SkyBridge Capital founder Anthony Scaramucci says that Bitcoin is way below its actual fair value by 70%, and that the bottom is likely already in for the king crypto.

In a new interview with MarketWatch, the veteran hedge fund manager says his firm’s metrics put the current Bitcoin value at roughly $40,000 per coin.

“We believe that the leverage has been blown out of the system. I don’t think it’s going below the low that was reached for this cycle, which would be at around $17,500.

According to our fair market value metrics based on adoption, wallet size, use cases, growth of wallets, we think the fair market value for bitcoin right now is about $40,000.”

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

1064 episodes

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