'Took Guts To Own Bitcoin:' SkyBridge's Anthony Scaramucci Says It Would Need 'Brains' To Reap BTC Rally

Anthony Scaramucci, the founder of SkyBridge Capital, recently expressed his views on Bitcoin BTC/USD, suggesting that owning the cryptocurrency now requires more intellect than courage.

What Happened: On Wednesday, Scaramucci posted on X, formerly Twitter, “It took guts to own Bitcoin before now. From here out it's a question of brains.”

His post comes amid a surge in Bitcoin’s value and predictions of a potential breakout beyond the $80,000 mark.

Why It Matters: A recent analysis from 10x Research suggested that a Bitcoin breakout above its all-time highs could push its value beyond $80,000. The research firm’s analysis was based on the investment philosophy of George Soros, allowing investors to respond flexibly to changing market conditions.

See Also: Dogecoin, Shiba Inu And Other Memecoins Fueling Mass Adoption Of Base’s L2 Network, Coinbase Exec Says: ‘They Are Going To Be One Of The Biggest Drivers’

Scaramucci’s post also aligns with Mark Yusko‘s recent comments at Bitcoin Investor Day. The founder of Morgan Creek Capital suggested that a wave of “fear of missing out” (FOMO) could push Bitcoin prices to a new level. Yusko also noted that Bitcoin’s fair value has historically doubled with each halving cycle.

Furthermore, a recent analysis by Bitfinex suggested that Bitcoin’s demand could outpace its supply by up to five times following its recent halving event. The halving of Bitcoin’s mining rewards could lower the total value of new coins entering the market each day to around $30 million, which is five times less than the daily average demand for U.S. spot ETFs.

Read Next: Holding 6 Ethereum (ETH) Could Make You A Millionaire, According to Cathie Wood

Image via Shutterstock