Summary
- SkyBridge Capital leader Anthony Scaramucci forecasts Bitcoin will reach “between $180,000 and $200,000” by the close of 2025.
- He cited supply-and-demand factors and growing institutional interest as key influences.
- Scaramucci indicated that large institutional investors will prefer Bitcoin ETFs over direct corporate investments.
Following a roughly 6% drop in Bitcoin this week, Antony Scaramucci stated his company targets a Bitcoin price “between $180,000 and $200,000” by the end of 2025.
Scaramucci, 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.
He highlighted supply-and-demand dynamics as the leading factor, stating “there’s just way more demand than the issued supply of Bitcoin, or the existing overall supply in the marketplace.”
“I believe it’s a matter of buying, with only 450 Bitcoin mined by the network daily,” he told CNBC.
During the interview, Scaramucci stressed the “consolidation and institutional adoption” of Bitcoin in the past year, referencing the launch of ETFs by firms like BlackRock and the increasing presence of institutional investors.
“Three years ago, events like this were primarily attended by retail investors and CEOs in the layer-one blockchain space,” he remarked. “Now, it’s significantly more institutional investors.”
Scaramucci predicted that a majority of institutional funds “will likely flow into ETFs” instead of corporate Bitcoin investments like Strategy (formerly MicroStrategy), which has accumulated one of the largest Bitcoin treasuries globally. He previously criticized companies that followed Strategy’s approach of using debt to acquire BTC for their reserves.
He suggested that JPMorgan will prefer to purchase Bitcoin through BlackRock’s IBIT Bitcoin ETF, referring to it as “a very secure asset that people trust,” deeming it the “purest link to Bitcoin.” As of now, this is the largest BTC fund available.
Scaramucci is not alone in these optimistic year-end predictions. Earlier in the week, institutional investor VanEck made a similar forecast of Bitcoin potentially reaching $180,000 by year-end.
Stablecoins Rising, CBDCs Declining
Scaramucci shared a bullish outlook on stablecoins, stating they will “drive a surge of technological innovation,” highlighting how they might enable users to bypass credit card fees and various historical third-party charges in the payment sector.
In contrast, he expressed skepticism regarding the future of Central Bank Digital Currencies (CBDCs).
Scaramucci believes CBDCs could be “too intrusive” concerning privacy, expressing a preference for dollar-backed stablecoins—a sentiment echoed by his former boss, U.S. President Donald Trump.
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