Anthony Scaramucci, founder of SkyBridge Capital, shared his forecasts about the future of Bitcoin and the significance of stablecoin regulation in the U.S.
Bitcoin as a Standalone Asset Class
Scaramucci believes Bitcoin is evolving from tech stocks into digital gold. He predicts that as Bitcoin wallets grow from 300 million to 1 billion, volatility will decline, leading to a wave of institutional investment. He poses a question: Is Bitcoin merely an investment or a standalone asset class like gold? If it is just an investment, a market cap range of $1–3 trillion seems reasonable. However, as an asset class, Bitcoin could reach a market cap of $20 trillion.
Stablecoin Regulation as a Priority
Scaramucci emphasized the critical importance of the stablecoin bill under discussion in the U.S. Congress. He noted that Tether currently holds more U.S. Treasury bonds than Japan or Germany, making regulation essential for financial leadership and market stability. Despite political controversies surrounding crypto initiatives, Scaramucci called for transparency to maintain public trust.
Altcoin and ETF Prospects
Discussing altcoins, Scaramucci highlighted Solana as the most promising for ETF exposure. SkyBridge has invested in SolQ, a Solana-focused ETF, citing staking rewards as particularly appealing. While Avalanche and Polkadot also show potential, Scaramucci stated that Solana currently stands out due to its performance and ecosystem growth. His outlook reflects a broader theme: cryptocurrency is maturing into mainstream finance, and the U.S. must lead in regulatory clarity, institutional adoption, and product innovation.
Scaramucci's predictions underscore the ongoing evolution of Bitcoin and the need for clear regulation in the cryptocurrency space for the industry's further development.
