Bitcoin is likely to trade between $50,000 and $100,000 in the next two to three years as cryptocurrencies rebound from a nightmare year, US investment firm Skybridge Capital founder Anthony Scaramucci said, while admitting his view was “overly bullish”.

He expected 2023 would be a “recovery year” for digital assets, with bitcoin gaining due to its adoption.

Previously, Scaramucci announced investing in former FTX US president Brett Harrison’s new crypto start-up.

SkyBridge has invested in bitcoin, ethereum , solana and altcoin algorand. According to its website, the SEC-registered investment adviser manages over $2.2 billion including more than $800 million in digital asset related investments.

"Structured credit, mortgage-backed securities, credit card debt, auto loans -- that's an attractive space again," Scaramucci said. As of last September, his firm managed $2.2 billion, including $800 million in digital asset-related investments.

In November 2022, Binance CEO Changpeng Zhao said cryptocurrency is the “only stable thing in this very dynamic environment”.
 
“It has been the most stable thing, technology-wise, in this turmoil situation,” he told Web Summit in Lisbon.

The global blockchain services provider has recently received the Minimal Viable Product license from Dubai’s Virtual Asset Regulatory Authority.

(Editing by Seban Scaria seban.scaria@lseg.com)