#SkybridgeCapital
Anthony Scaramucci, founder and CEO of SkyBridge Capital, reiterated on Tuesday that despite the recent market correction, he maintains his year-end price target for Bitcoin between $180,000 and $200,000. In an interview with CNBC, Anthony discussed the current state of the Bitcoin market:
"I think the market is currently experiencing strong consolidation, while institutions are continuously investing. If you had attended a similar conference three years ago, most of the participants were retail investors and some CEOs working on Layer1 blockchain. But today, institutional investors are more numerous," he said. Some large investors are selling their Bitcoin holdings, leading to some market consolidation. However, he remains optimistic about Bitcoin in the medium term, believing that demand exceeds supply.🤑
Anthony himself and his fund SkyBridge hold "a lot of Bitcoin." He also previously stated that 70% of his wealth was tied to Bitcoin. In May of this year, he predicted that once the price of Bitcoin reaches $500,000, it would be recognized as a full-fledged asset class, comparable to gold. He also🤑 emphasized that the price trend of Bitcoin is influenced by limited supply and institutional demand for allocation, the latter aiming to hedge against the risks of U.S. fiscal policy through Bitcoin.
