Scaramucci: Bitcoin is moving towards $200,000 thanks to institutional investors
SkyBridge Capital founder Anthony Scaramucci believes that the main driver behind the Bitcoin bull rally has been the increasing interest from large companies. While retail investors and startups previously dominated blockchain conferences, institutional investors are now actively participating.
According to him, even consolidations — such as the drop from $124,457 to $113,733 in August — indicate a transition of BTC towards long-term stability. The coin is increasingly being accumulated in corporate reserves, and with a limited supply of 21 million, this creates conditions for further growth.
Scaramucci is convinced that volatility will not prevent Bitcoin from reaching $200,000, and in the future, it could compete with gold and even surpass it in market capitalization. Additionally, he reported that SkyBridge plans to tokenize $300 million by transferring two of its funds — Digital Macro Master Fund and Legion Strategies — to the Avalanche blockchain.