Key Takeaways
- Anthony Scaramucci is holding to his year-end Bitcoin price target of up to $180,000 to $200,000, calling it a cautious estimate despite the recent market dip.
- Scaramucci believes that institutional adoption is driving a major shift in Bitcoin ownership, citing strong inflows into BlackRock’s spot ETF.
- Scaramucci pointed out that only 450 new Bitcoins are being created each day, and the limited supply is one of the main reasons demand continues to stay ahead.
- While backing Wyoming’s state-issued stablecoin, Scaramucci warned that central bank digital currencies could threaten financial
SkyBridge Capital founder Anthony Scaramucci said on Tuesday he is maintaining his year-end Bitcoin price target of $180,000 to $200,000, citing strong demand from institutional investors and constrained supply.
Speaking on CNBC and at the Wyoming Blockchain Symposium, Scaramucci said that rising institutional participation is reshaping the Bitcoin market and shifting asset ownership.
To support his view, Scaramucci pointed to the impact of BlackRock’s spot Bitcoin ETF, which continues to draw steady interest from both retail and institutional investors. He also noted that Bitcoin’s fixed issuance, limited to just 450 new coins per day, is a major factor keeping steady pressure on prices to rise.
Turning to policy developments, Scaramucci said he supports Wyoming’s state-issued stablecoin project, which he believes could enhance U.S. dollar demand and streamline payment systems. At the same time, he was critical of central bank digital currencies, arguing they could threaten privacy and lead to overreach.
Despite Bitcoin falling below $113,000 and sparking concerns of a deeper pullback, Scaramucci said his $180,000–$200,000 year-end estimate remains reasonable. He considers the target a cautious view, given the structural changes underway in the market.
Could it actually happen?
Recent on-chain data suggest Bitcoin’s correction is testing the resilience of short-term holders, as more than 21,000 BTC were sent to exchanges at a loss in the past 24 hours, according to CryptoRank, marking one of the sharpest instances of capitulation this quarter.
Social sentiment has also turned sharply bearish, with Santiment reporting the most pessimistic mood on crypto forums since June 22.
While the market is clearly under pressure, analysts say these emotionally driven sell-offs often mark the beginning of a rebound phase.
Reaching $180,000 by year-end would require a steep recovery and renewed momentum, but some believe it’s not out of reach if institutional inflows accelerate and retail panic gives way to accumulation.
Read More: China Advances Yuan-Backed Stablecoin Plan to Challenge Dollar Dominance
