Bitcoin Bullish: A 1‑Million Target and a Long‑Term Play

Anthony Scaramucci, a former Washington insider, has declared that he intends to own $1 million worth of Bitcoin by 2032. He urges investors to act now, especially when market sentiment is exceptionally fearful.

Key Points

• Crypto Fear & Greed Index
  Even a seasoned investor with nearly four decades of experience sees the index at a low of 5 and remains optimistic. “That’s when you make money,” he says, noting Bitcoin may dip but is likely near its lowest point.

• Four‑Year Cycle
  Scaramucci believes Bitcoin’s familiar four‑year cycle still holds. The recent pullback, he argues, comes from long‑term holders who sold after reaching a $100 000 peak.

• Past Predictions
  Last year he set a target of $150 000 for the end of 2023. He later admitted missing a large sell‑off by major holders, which pushed the price down.

• Current Status
  Bitcoin trades around $68 670, a slight decline from yesterday. Seventy percent of Scaramucci’s wealth is tied to the cryptocurrency, underscoring his commitment.

Takeaway for Traders

• Don’t be overly negative when fear is high.
• Keep an eye on the long‑term cycle.