Anthony Scaramucci Maintains Bitcoin Price Target Despite Market Fluctuations

According to BlockBeats, Anthony Scaramucci, founder and CEO of SkyBridge Capital, reiterated his year-end Bitcoin price target of $180,000 to $200,000, despite recent market corrections. In an interview with CNBC, Scaramucci discussed the current state of the Bitcoin market, noting significant consolidation and increased institutional participation. Scaramucci observed that the landscape has shifted from predominantly retail investors and Layer1 blockchain CEOs to more institutional investors. He mentioned that some large investors are selling Bitcoin, contributing to market consolidation. However, he remains optimistic about Bitcoin's medium-term prospects, citing demand outstripping supply. Both Scaramucci and SkyBridge hold substantial Bitcoin investments. He previously stated that 70% of his wealth is tied to Bitcoin. In May, he predicted that once Bitcoin reaches $500,000, it will be recognized as a complete asset class, akin to gold. Scaramucci highlighted that Bitcoin's price trajectory is driven by limited supply and institutional demand, with investors seeking to hedge against U.S. fiscal policy risks.