During a recent appearance on CNBC, Skybridge Capital’s Anthony Scaramucci predicted that 2025 will be a “very good year” for leading cryptocurrency Bitcoin. Damage Caused by SEC Delays Bitcoin is currently trading at $97,252, according to data provided by Coingecko. Scaramucci believes that Bitcoin should reach that level in 2022.
Scaramucci noted that the spot Bitcoin ETF was supposed to be approved in the first quarter of that year. “So all of these delays were really damaging to the price,” he said.
Increasing adoption by institutions
Now, Scaramucci believes that 'a real question' is whether institutional investors will join the game. I think you will see some endowment funds start to do this. We know that some sovereign wealth funds in the Middle East are quietly doing this,” Scaramucci said.
Is $200,000 in 2025?
According to U.Today, Scaramucci previously stated that the price of Bitcoin could soar to $200,000 this year. Nevertheless, these predictions should be taken with caution, as some of his previous price forecasts have not been accurate. For example, he predicted that Bitcoin's price could soar to $175,000 after the halving. Scaramucci recalled that over the past few years, people's views on the Bitcoin he bet on have varied due to the fluctuating price of the cryptocurrency. 'I started my Bitcoin journey about five years ago... you swing between genius and fool,' he said.
The contagion effect of meme coins
Scaramucci also compared meme cryptocurrencies to the notorious Dutch Tulip Bubble ('Tulip Mania'). The American investor believes that such speculative tokens will spread to Bitcoin. 'People will think, well, maybe Bitcoin is just a very large meme coin, right?' he added.
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