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Reuters

SkyBridge's Scaramucci sees bitcoin over $170,000 by 2025 on halving, spot ETFs

Bitcoin's price could breach $170,000 next year, driven by demand for newly listed exchange traded-funds and April's halving event, hedge fund SkyBridge's Anthony Scaramucci said in an interview on Monday. "If bitcoin's at $45,000 on the halving, where it roughly is right now, it'll be $170,000 by mid- to late 2025," the SkyBridge founder and managing partner told the Reuters Global Markets Forum in the Swiss ski resort of Davos. The halving is a technical event that reduces the rate at which new bitcoin are released into circulation.