Anthony Scaramucci uncovers reasons behind bullish Bitcoin (BTC) predictions
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Besides this, Scaramucci highlighted the forthcoming halving event as a potential trigger for BTC's price to chart a new growth course. Overall, halving will help reduce the rewards paid out to miners and, by default, deflate the supply over time. This in turn will place upward pressure on the price of the asset.
The easing of monetary policies by the United States Federal Reserve and other central banks is also a major trigger, in Scaramucci's opinion. Besides this, the growing craving to invest in a hard asset and the inclusion of Bitcoin in model portfolios have all combined to make Bitcoin attractive to investors across the board.
As it stands, Bitcoin has been getting a number of highly bullish predictions from top market analysts in recent times. From the $750,000 Godfrey Benjamin is an experienced crypto journalist whose main goal is to educate everyone around him about the prospects of Web 3.0. His love for crypto was birthed when, as a former banker, he discovered the obvious advantages of decentralized money over traditional payments.
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