Bitcoin ‘Has Already Bottomed and Its Fair Value is $40k’, SkyBridge’s Scarramucci Suggests

Aug 03,2022
KingData News: Anthony Scaramucci, founder and managing partner of SkyBridge, voiced his opinion that it was possible for Bitcoin to decline but “I don’t think it’s going below the low that was reached for this cycle, which would be at around $17,500,” he said, further adding that: “According to our fair market value metrics based on adoption, wallet size, use cases, growth of wallets, we think the fair market value for Bitcoin right now is about $40,000.”He believes that the worst of the crypto bear market is now over.
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