Bitcoin Is Slated To Break A New ATH By The End Of 2024

Bitcoin optimistic predictions continue to flow in the crypto space, and the latest one states that the king coin will break its ATH by the end of the next year. Check out the latest reports below.

SkyBridge Capital’s CEO, Anthony Scaramucci, has made a prediction that Bitcoin (BTC), the leading cryptocurrency, will hit new all-time highs by the same time next year.

According to a recent CNBC interview, Scaramucci believes that Bitcoin will surpass its previous all-time high of $69,000.

When asked about the impact of a BTC exchange-traded fund (ETF) on the future price of Bitcoin, Scaramucci provided his response.

“I’ve been embarrassed by my predictions in the past. I would’ve thought [BTC] would’ve gotten to a hundred thousand by the end of 2022. If you recall, in November of 2021, we got the Bitcoin futures ETF buy-in, and so I thought that was gonna come. Skybridge filed for a cash Bitcoin ETF. It was rejected alongside Fidelity and many other players. We’ve elected not to do that now because of the competition, so a lot of this stuff got dragged out because of the regulation.”

He continued and stated the following:

“If you’re asking the question ‘will Bitcoin get through its all-time high?’, I believe it will. I don’t know when. There could be some selling pressure, sort of that ‘buy on the rumor, sell on the news’ in the beginning part of the quarter, but if you’re asking about year-end, and I’m hoping you’ll invite me back – I think we’ll be through the all-time high. But I’ve been embarrassed by my predictions before, so I’m a little hesitant. A little gun-shy.”

BTC is worth $42,871 at time of writing this article.

Back in November, Scaramucci predicted Bitcoin and Ethereum (ETH) would rally as the Federal Reserve appeared poised to halt rate hikes – this will be easing pressure on risk assets.