Bitcoin price outlook
Anthony Scaramucci, founder of US asset management company SkyBridge, said that the price of the crypto asset (virtual currency) Bitcoin (BTC) could rise to the level of $400,000 (approximately 59 million yen) in the long term. I showed my point of view.
It is predicted that the market capitalization of Bitcoin will easily reach half of the market capitalization of gold. In that case, it is estimated that Bitcoin’s market capitalization would increase 10 times from $7 trillion (approximately 1,030 trillion yen) to $8 trillion (approximately 1,180 trillion yen), and the price of Bitcoin would simply increase 10 times its current value. .
Scaramucci also predicted the price of Bitcoin in an interview with Reuters on the 15th of this month. At this time, demand for Bitcoin spot ETFs (Exchange Traded Funds) will increase in the US, and Bitcoin will reach its halving in April. He predicted that the price would rise to 10,000 yen.
What is half-life?
It refers to the timing when the mining reward (=newly issued amount) of virtual currencies such as Bitcoin is reduced by half. A decrease in mining rewards could slow down the pace of Bitcoin issuance and encourage an increase in asset value.
▶️Virtual currency glossary
This price prediction was made in a video broadcast live on the 24th. The title of the video states that he expects it to reach $170,000, and in the video he quotes a Reuters article and also mentions the halving.
Mr. Scaramucci pointed out that looking at past data, the price of Bitcoin has increased approximately 4 times after 18 months after the halving, and the basis for his prediction of $170,000 is based on data. It is explained that there is.
connection: Break-even point for miners after the next Bitcoin halving is 1 BTC = $40,000 | CoinShares Report
Expectations for half-life
There are less than 100 days left this month until Bitcoin’s halving, which occurs once every four years. According to data from OKLINK, at the time of writing this article, the half-life is expected to occur on April 22nd. The U.S. Bitcoin spot ETF, which has been attracting attention for a long time, has been approved, and the halving is now attracting more attention.
connection:Bitcoin halving, 100 days countdown
Last month, virtual currency service company Matrixport also predicted the price of Bitcoin based on factors such as the halving. At that time, he predicted that the stock would approach its current high of $63,140 by April 2024, and reach $125,000 (approximately 18.35 million yen at the time) by the end of the year.
connection: Prediction of Bitcoin reaching $125,000 in 2024, Matrixport analysis based on halving
Additionally, a survey conducted by BitBank, which operates a virtual currency exchange, in November last year revealed that investors are expecting prices to rise due to the halving. The results of this survey showed that many investors are expecting a rise in the price of Bitcoin in April, when the halving is scheduled.
connection: Growing expectations for Bitcoin halving, investor interest captured by BitBank survey