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Ethereum and ADA will rise

Şükriye Akdeniz

Sep 10, 2021

Anthony Scaramucci, head of hedge fund SkyBridge Capital, says he believes ETH and ADA will rise

SkyBridge Capital CEO Anthony Scaramucci predicted that Bitcoin would reach $100,000 by the end of the year. The CEO added a new one to his predictions; He suggested that Cardano (ADA) and Ethereum (ETH) would rise alongside Bitcoin.
Anthony Scaramucci, who participated in the Squawk Box program, explained how he looks at Bitcoin's recent big drop, which dropped nearly $5,500 in just two hours. The head of the asset management fund believes that Bitcoin has skyrocketed after the news that El Salvador declared fiat and bought 400 BTC. However, there was a lot of leverage in the market at the time and in the last 48 hours, the market has been razed to the ground. Because of this, the leading cryptocurrency BTC has suffered a sharp decline. Despite the drop, Scaramucci was struck that Bitcoin's fundamentals are solid. However, he stated that cryptocurrencies such as Cardano and Ethereum have many long-term use cases and therefore he thinks that they will continue to rise.

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