Anthony Scaramucci bullish on crypto market revival, points out key factors that will drive growth.
- Anthony Scaramucci, the founder of Skybridge Capital appeared quite bullish on the crypto market.
- He pointed out several developments such as the Ether Merge, rising crypto prices, and other indicators leading to a market revival.
- He asked investors and traders to have patience and gear up for a long-term game.
The managing partner and founder of Skybridge Capital, Anthony Scaramucci shared a positive outlook on the revival of the crypto market.
The hedge fund investor cited certain key indicators, which he thinks will drive the market to a potent revival.
Scaramucci points to certain key indicators
Scaramucci has pointed out certain events and indicators which will work in favor of the broader crypto market.
One of the first such indicators according to him is the upcoming Ethereum Merge, which is due coming September.
The Ethereum Merge will mark a transition for the Ether blockchain from the PoW to the PoS consensus mechanism. This is probably the most significant upgrade in the history of blockchain and the whole world is anticipating it. Anthony called it an excellent long-term investment opportunity.
He also pointed out that despite the bear market slowing things down, several cryptocurrencies witnessed decent growth. Bitcoin has gained almost 20% over the previous month.
According to him, investors are showing more interest in the market. Even the much-dreaded inflation numbers are not as bad as it was predicted. He stated that the market can rebound to its previous strong position in the next six to twelve months.
Speaking on Bitcoin, he stated that the king coin can witness an outstanding upsurge in the next six years. He added that it is extremely vital that the investors maintain a level of calm and stay patient.
Scaramucci was particularly bullish on $BTC, $ETH, $ALGO, and $SOL.
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