At the Consensus 2025 conference, SkyBridge Capital CEO Anthony Scaramucci made a bold statement regarding the future of Bitcoin as an asset.
Scaramucci's Bold Predictions
Scaramucci claims that if Bitcoin reaches the price of $500,000, it will be recognized as a full-fledged asset class. He emphasized that a $3 trillion market cap is comparable to the stocks of the largest companies, while $20 trillion represents a real asset class. "If you tell me Bitcoin can reach $500,000, people will start writing that Bitcoin is an asset class." CITE_W_A
Discussion at Consensus 2025
Scaramucci participated in a panel discussion with other experts such as WisdomTree CEO Jonathan Steinberg and 3iQ President Pasqual St-Jean. They agreed that cryptocurrencies, particularly Bitcoin, are nearing acceptance as an asset class. However, they noted that achieving this will require not only price appreciation but also factors like institutional adoption and regulatory clarity.
Factors for Cryptocurrency Acceptance as an Asset Class
Scaramucci noted that cryptocurrency is increasingly a topic of debate in US politics, but there are still strong incentives for bipartisan support. "If Bitcoin reaches $500,000, people will not only say it is an asset class, they will treat it that way," he added.
Anthony Scaramucci's statements highlight the growing attention on cryptocurrencies and the importance of their recognition as an asset class, which will depend on price changes and other factors.
