Millionaire CEO Anthony Scaramucci Announced: “Bitcoin Will Become a Real Asset Class When It Reaches This Price”
SkyBridge Capital CEO Anthony Scaramucci stated that Bitcoin reaching $500,000 will ensure that cryptocurrencies are fully recognized as a “real asset class.”
Scaramucci’s bold statement made waves during the panel discussion at the Consensus 2025 conference.
Scaramucci said, “A market value of three trillion dollars can be compared to the stocks of the largest companies, but a twenty trillion dollar market is a real asset class,” and added, “If you tell me Bitcoin can reach $500,000, people will start writing that Bitcoin is an asset class.”
Exhibiting a rather optimistic stance, Scaramucci referred to Wall Street's aggressive approach to marketing crypto ETFs, the massive capital flowing into the sector, and the proliferation of tracking strategies by saying, “Maybe we are not optimistic enough.”
He also noted that cryptocurrency is increasingly becoming a topic of discussion in U.S. politics, yet stated that strong incentives for bipartisan support are forming. “If Bitcoin reaches $500,000, people will not only say it’s an asset class, they will behave towards it that way,” he said.
Joining Scaramucci on the panel were WisdomTree CEO Jonathan Steinberg and 3iQ President Pasqual St-Jean. The participants agreed that cryptocurrencies, especially Bitcoin, are progressing towards being recognized as an asset class. However, they pointed out that reaching this point will be possible not only through price increases but also through factors such as institutional adoption and regulatory clarity.