Finance expert Anthony Scaramucci has shared his predictions for Bitcoin's future, suggesting a possible rise to $180,000 by year-end. He highlighted institutional demand and market risks in his forecast.
Optimistic Bitcoin Forecast
In a recent interview, Scaramucci acknowledged the unpredictability of cryptocurrency forecasts but maintained a bullish outlook. "We didn’t quite hit $100K before the Trump inauguration, but I think we’re now looking at $150K to $180K by year-end," he said, highlighting a potential upside of over 60% from current levels.
Institutional Demand for Bitcoin
Scaramucci noted that much of his optimism stems from the influx of institutional capital targeting Bitcoin. "Roughly 80% of new institutional money is ending up in Bitcoin. It’s becoming the primary asset for large-scale investors," he added.
Market Risks Ahead
However, the path forward may not be entirely smooth. Scaramucci acknowledged a range of macro challenges that could put pressure on markets, including escalating military conflicts and lingering post-pandemic financial strain. "We’re still dealing with wars in Ukraine and the Middle East, as well as fears of recession. All of that creates uncertainty," he explained.
Despite these hurdles, Bitcoin has shown strong resilience, and high ETF demand may indicate long-term investor confidence, potentially leading to new historic highs in the future.
