Anthony Scaramucci, founder and managing partner of SkyBridge Capital, said Bitcoin (BTC) has lost at least $170,000 since the April halving. The price is expected to soar to 150 yen (equivalent to 150 yen).

“Let’s look back at Bitcoin’s halving,” Scaramucci said, “On the day of Bitcoin’s halving, multiply it by 4, and 18 months later, that is the price of Bitcoin.” It’s amazing,” he said.

Scaramucci said: “I use $35,000 as the halving price, which is a conservative number…If you had $50,000 in April, that would be $200,000. If you had $60,000, that would be $200,000. It’s going to be $240,000.”

Regarding long-term price targets, Scaramucci predicts that Bitcoin could easily reach half the market cap of gold, with the price of 1 BTC reaching around $400,000.

Scaramucci previously revealed that he was the first outside investor in BlackRock’s Bitcoin spot ETF ahead of its approval in the US on January 11th.

Before BlackRock expressed interest in a Bitcoin ETF, its CEO Larry Fink was famously skeptical of Bitcoin. But in public interviews since BlackRock filed its ETF application last June, Fink has changed his tune, calling himself an “avid believer.”

｜Translation and editing: Rinan Hayashi
｜Image: Shutterstock/CoinDesk
｜Original text: Anthony Scaramucci Predicts Bitcoin to Hit at Least $170K Post Halving