Anthony Scaramucci: bitcoin price at $100,000

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It was only yesterday that Bitcoin pulled back below its crucial $23,000 resistance. However, the flagship currency started the day above $23,000 before making a slight decline around $22,900. The similar pattern is followed by Ethereum, BNB, Cardano, Solana, XRP and other altcoins which are doing their best to hold their levels.

Currently, Bitcoin is changing hands at $22,966 after rising 1.50% in the past 24 hours.

2023, a year of recovery for Bitcoin

On the other hand, the crypto space is eagerly awaiting updates from next week’s Fed meeting and hoping for some ease in interest rate hikes. The same goes for the prediction of Anthony Scaramucci, founder of Skybridge and crypto investor. Scaramucci believes that the Federal Reserve will not continue its interest rate hikes before inflation reaches 2%.

Furthermore, he claims that if his predictions turn out to be true, the market will begin its recovery phase and many risky assets will rise. According to Scaramucci, the year 2023 is a year of recovery for Bitcoin. The investor claims that the King currency will see its price trade between $50,000 and $100,000 over the next two or three years.

The year 2022 has been filled with too many negative events such as bankruptcy filing, liquidity issues and mainly the collapse of FTX. After the collapse of FTX, the entire cryptocurrency market experienced a major drop where Bitcoin lost over 50%.

However, since the start of 2023, the crypto market is seeing some light at the end of the tunnel as major cryptocurrencies have regained their lost trading levels. Therefore, the coming week with the next move of the Federal Reserve will definitely be a turning point in the crypto market.

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