Anthony Scaramucci, founder of SkyBridge Capital, expects the price of Bitcoin to reach between 180 thousand and 200 thousand Dollars by the end of 2025, describing this price as a "cautious price target" during a blockchain seminar in Wyoming. His predictions come at a time when Bitcoin has dropped about 6% this week.

Scaramucci refers to the dynamics of supply and demand as a main driver, pointing out that "demand for Bitcoin far exceeds supply," as only 450 new coins are mined daily. He emphasized the growth of "consolidation and institutional adoption" over the past year following the launch of companies like BlackRock's exchange-traded funds.

The former White House communications director noted a shift in the number of participants at conferences, from mostly individual investors three years ago to "a much larger number of institutional investors" today. A significant portion of this institutional flow is expected to go towards exchange-traded investment funds (ETFs) rather than corporate treasury strategies, such as MicroStrategy's debt-funded Bitcoin purchases.

Scaramucci claims that JP Morgan will likely buy Bitcoin through BlackRock's IBIT ETF fund, describing it as "the closest link to Bitcoin" and "an extremely safe asset that people trust." His prediction aligns with VanEck's similar target of 180 thousand Dollars by the end of the year, which the company announced earlier this week, showing increasing institutional confidence despite recent price fluctuations.$BTC