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

Anthony Scaramucci, who once worked in Washington, says he plans to own Bitcoin worth a million dollars by 2032. He urges buyers to seize the moment if they can, especially when the market feels very fearful. He points out that even a seasoned investor who has been in the game for nearly four decades can see the Crypto Fear & Greed Index at a low of 5 and still stay optimistic. “That’s when you make money, ” he says, noting that Bitcoin may dip but it is likely near its lowest point.Scaramucci believes the familiar four‑year cycle of Bitcoin still holds true. The recent pullback, he argues, comes from long‑term holders who sold after reaching a $100, 000 peak. Last year he was very confident, setting a $150, 000 target for the end of 2023. He later admitted in an interview that he missed a large sell‑off by major holders, which pushed the price down. Today Bitcoin trades around $68, 670, a slight decline from yesterday. Seventy percent of Scaramucci’s wealth is tied to the cryptocurrency, showing how serious he is about his bet. The message for traders: don’t be too negative when fear is high, and keep an eye on the long‑term cycle.