ChainCatcher Message, Bridgewater Capital founder and CEO Anthony Scaramucci stated in an interview with CNBC that despite recent market corrections, he still maintains a year-end target price for Bitcoin between $180,000 and $200,000.
Scaramucci pointed out that the market is currently in a consolidation phase, with the entry of institutional investors accelerating. Compared to three years ago when retail investors dominated the conference atmosphere, today more participants are institutions. He believes that the sell-off by some large investors has caused short-term market volatility, but the medium-term outlook remains optimistic as demand continues to outstrip supply.
He added that both individually and through his firm SkyBridge, they hold a significant amount of Bitcoin, emphasizing that Bitcoin's limited supply and institutional allocation demand are the core drivers of price increases.