Anthony Scaramucci, founder and managing partner of SkyBridge Capital, draws parallels between Bitcoin and the historical sale of Manhattan, asserting that the current price of Bitcoin remains low compared to its potential value.
Comparison with Historical Manhattan Sale
Scaramucci referred to Bitcoin as 'digital property,' noting that its price above $100,000 echoes the prices of Manhattan in 1690, when the territory was considered 'cheap.' He claims Bitcoin is still undervalued even at its current price.
Recent Bitcoin Achievements
This week, Bitcoin reached a new all-time high, exceeding $112,000. This rise coincided with a rally in stock markets driven by companies related to Nvidia.
Increase in Institutional Investments
In Q2 2025, public corporations acquired over 159,000 BTC, marking a record purchase for a quarter. This buying wave indicates growing interest from institutional investors in Bitcoin.
The comparison of Bitcoin to historical assessments of Manhattan highlights the increasing interest and potential value of the cryptocurrency. With each new record, questions arise about its real worth and future in the financial market.
