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Brett Messing, Skybridge Capital COO, predicted that Bitcoin could rise to $ 500,000. Stating that the role of institutional investors is huge in this forecast, Messing predicted that Bitcoin will rise to $ 100,000 in less than a year. Messing stated in his statement that the rise of Bitcoin depends on whether institutional firms continue to buy Bitcoins. However, Messing added that if corporate adoption increases, the rise of Bitcoin will be easy.
Skybridge Capital is an investment advisory firm with over $ 7 billion in assets under its management and is run by former White House communications director Anthony Scaramucci. The company launched the Bitcoin fund on January 4 with a minimum investment of $ 50,000.
