"Go back and look at Bitcoin halving cycles," Scaramucci said on the Scott Melker podcast. "The day that Bitcoin halves, multiply it by four [and] 18 months later and it's been uncanny that that's been the price of Bitcoin."
As for his long-term price target, Scaramucci predicts bitcoin could easily reach half of the market capitalization of gold, which would bring the price of one coin up to roughly $400,000.
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