5 Biggest Bitcoin Predictions in 2021
Prediction: Bitcoin Is Apex Predator in Digital Currencies Despite Altcoins
Anthony Scaramucci is a managing partner at Skybridge Capital, a New York-based global investment firm. He has also served as the communications adviser to former United States President Donald Trump. Scaramucci is bullish on Bitcoin despite the recent setbacks and speculation surrounding the future of crypto amid governmental crackdowns.
Last month, during an interview, Scaramucci said that Bitcoin was still the currency to own even as it struggled while alternate coins soared. Underlining the resistance he faced when he advised clients to invest in crypto a few years ago, Scaramucci said that Bitcoin was the only cryptocurrency that had managed to reach escape velocity.
Gold will surge to fresh highs in the next year, but investors seeking currency alternatives as global debt balloons should look to Bitcoin, according to a $7.5 billion hedge fund. Both are likely to rally even as the Federal Reserve moves to taper asset purchases, said Troy Gayeski, co-chief investment officer and senior portfolio manager at SkyBridge Capital. The two are frequently compared by investors, with former Treasury Secretary Lawrence Summers saying cryptocurrencies could stay a feature of global markets as something akin to digital gold. “We’re going to stick to Bitcoin and crypto because we just think there’s more upside,” Gayeski said in a telephone interview last week. While there’s more volatility, “you’re going to capture a little bit more juice than you will in gold from that same phenomenon,” he added.