Bitcoin Price Prediction: Scaramucci Projects $170K BTC Value by 2026; MicroStrategy and China QE Could Amplify Demand

Bitcoin Price Prediction: Scaramucci Projects $170K BTC Value by 2026; MicroStrategy and China QE Could Amplify Demand

In a bold forecast, Anthony Scaramucci, founder of SkyBridge Capital, projects Bitcoin to reach $170,000 by 2026, citing inflationary pressures and U.S. financial adjustments as major drivers. MicroStrategy also adds momentum with its “21/21 Plan” to raise $42 billion for Bitcoin purchases, while China’s quantitative easing (QE) program could spur a new wave of demand, as suggested by BitMEX founder Arthur Hayes.

Scaramucci Predicts Bitcoin to Hit $170K Amid Economic Shifts

Anthony Scaramucci anticipates that Bitcoin could triple in value to $170,000 by mid-2026, attributing this to the U.S. government’s strategy of managing its debt crisis through inflation. This approach, he says, may impact savings and lower-income households but could also strengthen Bitcoin’s appeal as a hedge against inflation. Scaramucci’s forecast draws on Bitcoin’s fixed supply and increasing demand, which could drive substantial price appreciation as sentiment among investors improves.

MicroStrategy’s $42B Investment Plan to Drive Bitcoin Demand

MicroStrategy has announced its ambitious “21/21 Plan” to secure $42 billion over the next three years to increase its Bitcoin holdings. This initiative underscores institutional confidence in Bitcoin as a valuable asset in corporate treasury. If MicroStrategy successfully executes this plan, analysts anticipate a significant increase in BTC demand, potentially causing upward price pressure on the cryptocurrency.

China’s QE Sparks Optimism for Bitcoin Surge

Arthur Hayes, founder of BitMEX, suggests that China’s recent quantitative easing, aimed at stabilizing its banking and real estate sectors, could benefit Bitcoin as the yuan sees increased liquidity. Hayes draws parallels to U.S. credit expansion during the pandemic, predicting that China’s monetary easing could prompt investors to consider Bitcoin as a store of value amid fears of currency devaluation. Although crypto trading is regulated in China, the legal ownership of Bitcoin could enhance demand from investors seeking to hedge against fiat currency risks.

Bitcoin Holds Firm Above Key Support Level

Currently, Bitcoin is showing resilience at the $71,850 support level, completing a 23.6% Fibonacci retracement. Analysts observe that recent candlestick patterns above this level suggest a build-up of bullish momentum. This development could pave the way for further upward movement in BTC’s price.