Skybridge Prediction on Bitcoin

[Mate2237]

August 5th, 2022, Skybridge investment firm estimated on Bitcoin bull market at $40K and Ethereum as $2,800. Anthony Scaramucci who is also part of the managing team made the statement on interview on Marketwatch. He made it clear that the bear market of bitcoin as gone so the next terget of the the market on the bull statistic is 40k. you can see the full story here: https://news.bitcoin.com/skybridge-estimates-bitcoins-fair-market-value-at-40k-and-ethereums-at-2800/

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[PaulBf1]

Another bullish bitcoin prediction made by a multi billion dollar hedge funds. i wonder why... https://www.coindesk.com/business/2022/04/22/scaramuccis-skybridge-starts-investment-vehicle-for-bitcoin-mining/

As a wise man once said: "Nobody knows if bitcoin is gonna go up, down, sideways or in fucking circles. Least of all, hedgefunds, right? It's all the fugazi."
                                                                     

[adaseb]

Yes lately there are many of these reports coming out. Oil is down and it seemed that inflation has peaked. So most likely the fed won't hike so much. Hence why yields went down and why stock recovered with crypto. Most likely fed won't raise rates in 2023, maybe cut them. So risk on assets like bitcoin are rallying.

However...

Today we got about half a million new jobs added in the US market. This doesn't look good for inflation. There is a shortage of workers and as a result many businesses will need to increase prices and it will lead to inflation going up. So who knows if their prediction will become true.

[GeorgeJohn]

Actually I'm aware that bitcoin price will be encouraging, since we have gone out from the level or the state whereby the price of Bitcoin is beginning to go up to the extent of trying to reach or arrive in twenty three and twenty four thousand in the price. I think the process of normalizing. I believe that it's price currently Is quiet different from initial state of bearish market season. Secondly i dont believe in a negative prediction of cryptocurrency.

[mk4]

Nothing against Skybridge, but if we're talking about "predictions" from hedge funds were basically nobodys but just gained fame solely because of their bitcoin bet, I wouldn't take it that seriously.

[bittraffic]

So much news these days though so it will be logical to see these people come out to state thier predictions. To speculate that BTC had already touched the bottom was already a good reason to buy. All the more with the news like Blackrock teaming up with Coinbase which is a huge announcement so I'm not surprised people are bullish after seeing price start pumping as well.

We may think it's too early for this pump because halving is too far. It won't be a bad decision to buy though while its price hasn't go $40k.

[Nrcewker]

Everywhere I see is only predictions. I mean it doesn’t cost you a penny right to predict? So everyone making their own predictions.
I guess Bitcoins are still struggling in this price set, so who the hell said that the bear market is over now. I mean yeah Bitcoins have shown some positive attitude, but still that’s not sufficient. I guess bear market will stay for 2-5 weeks more and then we can see Bitcoins crossing 30k usd mark.
Nevertheless let’s hope for the best and see if the predictions coming true or not.

[btc78]

August 5th, 2022, Skybridge investment firm estimated on Bitcoin bull market at $40K and Ethereum as $2,800. Anthony Scaramucci who is also part of the managing team made the statement on interview on Marketwatch. He made it clear that the bear market of bitcoin as gone so the next terget of the the market on the bull statistic is 40k. you can see the full story here: https://news.bitcoin.com/skybridge-estimates-bitcoins-fair-market-value-at-40k-and-ethereums-at-2800/

Investment firm , what do we expect from them? of course they will say no bad thing but positivity , and like what most of them deliver? there are  always increase coming when the truth is?
none of us really knows what will come as this is crypto market and everything is not easy to expect and predict.
but what I do believe is that there are best days coming but not that near now.

[KingsDen]

August 5th, 2022, Skybridge investment firm estimated on Bitcoin bull market at $40K and Ethereum as $2,800. Anthony Scaramucci who is also part of the managing team made the statement on interview on Marketwatch. He made it clear that the bear market of bitcoin as gone so the next terget of the the market on the bull statistic is 40k. you can see the full story here: https://news.bitcoin.com/skybridge-estimates-bitcoins-fair-market-value-at-40k-and-ethereums-at-2800/

When we make predictions about Bitcoin price in relation to bear and bull market runs, we should understand that in every bull there is an iota of bear and in every bear we can find bull. This is why some plan bulls fail, that means it has been over powered by the bear. In this present market condition we are, you will understand that bull was defeated by bear.
Immediately after the effect or when the Russian and Ukraine  war started, bitcoin dumped and there was supposed to be bull run that period but it was defeated. That led us to US inflation effect and that caused the bear bear we witnessed. So, he might be correct that we are now in the bull but the certainly is not strong, any big fundamentals can make the bull not to hold. So, we should all expect massive bull in the next halving, every other things happening before then should be market plays.

Secondly i dont believe in a negative prediction of cryptocurrency.

I don't understand you well here. Why don't you believe in the negative prediction of cryptocurrencies. We all have been here for a while and we know that whatever goes up, must surely come down. Both bear and bull are characters of crypto, so if you only believe positive and disregard negative, that means you are deceiving yourself or trying to deceive others.

[eaLiTy]

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August 5th, 2022, Skybridge investment firm estimated on Bitcoin bull market at $40K and Ethereum as $2,800. Anthony Scaramucci who is also part of the managing team made the statement on interview on Marketwatch. He made it clear that the bear market of bitcoin as gone so the next terget of the the market on the bull statistic is 40k. 

Speculation and more predictions will be coming up when you see a hint of green in the market and that is nothing new, if anyone here is expecting the market to follow these predictions and then place a call in the option market, you will have more baggage. I am not expecting the market to touch $40k this year with the way things are moving globally.

[Mpamaegbu]

It won't be far fetched that those predicting a rally now merely borrowed a lead from the action of the BlackRock teaming up with Coinbase incident. Many crypto watchers see it as a boost to this industry and the market reacted to it a few days ago as soon as that was announced. Nonetheless, to say the truth and far from the recent fundamentals, Bitcoin has proved from past records that it's stoic. It has continued to rise from ashes each time it went down and I don't see it behave any different now.

[Dave1]

They call it a bull market prediction at $40k? Lol that is just peanuts to the real bull run that we are going to see in 2024-25.

And obviously they have their narrative behind on why they are betting "big" on bitcoin and ethereum and they call it bull run. They are hedge fund institutions to they have clients that have invested millions on both of this coins. So they need to hype it in public, let the client knows that they are somewhat bullish and maybe silently trying to get more investments from them, win-win situation.