Anthony Scaramucci, founder of SkyBridge Capital, has estimated Bitcoin's price at between $180,000 and $200,000 by the end of 2025, relying on confidence in long-term fundamentals.
Scaramucci's Bitcoin Prediction
Scaramucci reaffirmed his bullish prediction, stating that Bitcoin could reach between $180,000 and $200,000 by the end of 2025. This statement underscores his confidence in the strong long-term positions of the cryptocurrency despite recent market volatility.
Factors Supporting the Prediction
Scaramucci highlights several factors contributing to his prediction. First, the recent Bitcoin halving this year has reduced the number of new coins entering circulation, which has historically preceded price increases. Second, the approval of spot Bitcoin ETFs in major markets has allowed mainstream investors to gain access to cryptocurrency without the need for self-custody.
Long-Term Prospects for Bitcoin
Scaramucci also emphasizes macroeconomic conditions, such as rising inflation concerns and increasing distrust in traditional fiat systems. In his view, with limited supply and growing demand, Bitcoin could serve as a key hedge and store of value.
Despite ongoing volatility in the crypto market, Scaramucci's faith in Bitcoin remains steadfast as a transformative technology poised to reshape the financial landscape.
