CoinVoice has learned that Anthony Scaramucci, founder and CEO of SkyBridge Capital, stated in an interview with CNBC that despite recent market corrections, he 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, and the entry of institutional investors is accelerating. Compared to three years ago, when retail investors dominated the conference atmosphere, there are now more institutional participants. He believes that the sell-off by some large investors has caused short-term market fluctuations, but the medium-term outlook remains optimistic, as demand continues to exceed supply.
He added that both he personally and his firm SkyBridge hold a significant amount of Bitcoin, emphasizing that Bitcoin's limited supply and institutional allocation demand are the core driving forces behind price increases. [Original link]
