Summary
- SkyBridge Capital’s Anthony Scaramucci forecasts Bitcoin will reach “between $180,000 and $200,000” by the end of 2025.
- He attributes this potential rise to supply-demand dynamics and institutional interest.
- Scaramucci believes institutional investors will primarily choose Bitcoin ETFs over corporate treasuries.
Following a recent 6% decline in Bitcoin’s value this week, Scaramucci stated his firm anticipates Bitcoin prices “between $180,000 and $200,000” by late 2025.
The founder and managing partner of SkyBridge Capital described this as “a cautious price target” during an interview with CNBC at the Wyoming Blockchain Symposium.
Scaramucci highlighted supply-demand dynamics as a key factor, stating, “there’s far more demand than the supply of Bitcoin available in the market.”
“The daily production of Bitcoin is limited to only 450,” he remarked during his CNBC interview.
He noted the “consolidation and institutional adoption” of Bitcoin over the past year, referencing the ETF launches by firms like BlackRock and the increasing participation of institutional investors.
“Three years ago at conferences, you mainly found retail investors and CEOs from layer-one blockchain companies,” he stated. “Now, attendance includes a substantial number of institutional investors.”
Scaramucci predicted that a significant portion of this institutional investment “will likely funnel into the ETFs” instead of traditional corporate Bitcoin investment routes, like Strategy (formerly MicroStrategy), which has amassed one of the largest Bitcoin reserves globally. He has previously criticized businesses for using Strategy’s approach of incurring debt to acquire BTC for their corporate balance sheets.
He claimed that JPMorgan would prefer to purchase Bitcoin through BlackRock’s IBIT Bitcoin ETF, calling it “a highly secure asset that people trust,” referring to it as the “purest connection to Bitcoin.” As of now, it is the largest BTC fund.
Scaramucci isn’t the only one making optimistic predictions for the year-end. Recently, institutional investor VanEck also estimated Bitcoin could hit $180,000 by year’s end.
Stablecoins in, CBDCs out
Scaramucci has a generally positive outlook on stablecoins, asserting that they’ll drive “a wave of technological improvements,” allowing users to bypass credit card and other typical third-party fees in payment transactions.
Conversely, he holds a less favorable view on Central Bank Digital Currencies (CBDCs).
Scaramucci believes CBDCs could be “too invasive” concerning personal privacy, stating his preference for dollar-backed stablecoins. This perspective aligns with that of his former employer, U.S. President Donald Trump.
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