#BTC
Anthony Scaramucci Upholds Bitcoin Price Forecast Despite Market Fluctuations
BlockBeats reports that Anthony Scaramucci, Founder and CEO of SkyBridge Capital, has reaffirmed his year-end Bitcoin price target of $180,000–$200,000, remaining steadfast despite recent market corrections. In a recent CNBC interview, Scaramucci discussed the evolving dynamics of the Bitcoin market, highlighting significant consolidation and increased institutional participation.
He observed a notable shift in the investor landscape, transitioning from primarily retail investors and Layer1 blockchain executives to a growing presence of institutional investors. Scaramucci noted that some large investors are divesting their Bitcoin holdings, contributing to market stabilization. Nevertheless, he maintains a positive outlook for Bitcoin’s medium-term prospects, driven by demand surpassing its limited supply.
Scaramucci and SkyBridge Capital maintain substantial investments in Bitcoin, with approximately 70% of his wealth allocated to the cryptocurrency. In May, he projected that Bitcoin could reach $500,000, establishing it as a prominent asset class comparable to gold. He attributes Bitcoin’s price trajectory to its finite supply and rising institutional interest, as investors seek to mitigate risks associated with U.S. fiscal policy uncertainties.
