Skybridge Capital Expects Bitcoin to Reach $300,000 in 6 Years

Anthony Scaramucci, founder and managing partner at Skybridge Capital, a global asset management firm, provided his views on crypto in an interview with CNBC Friday.

According to Scaramucci, most of the leverage is out of the crypto market and we are seeing a very strong recovery, reminding investors to stay patient and stay long-term.

Regarding Bitcoin, Scaramucci expects a lot more commercial activities, given the improvement of the Lightning network, the increase in applications, and ease of transactions. He added that the firm expects Bitcoin price to hit $300,000 in the next six years.