The founder and managing partner of investment firm SkyBridge Capital, Anthony Scaramucci, is convinced that Bitcoin could reach between $180,000 and $200,000 by the end of 2025. According to the expert, the main driver of this growth will be institutional demand, which significantly exceeds the supply in the market for the first cryptocurrency.
This is reported by Business • Media
Institutional Demand and ETFs: Key Factors for Growth
During his speech at the Wyoming Blockchain Symposium, Scaramucci referred to his estimate as a “cautious target price” and emphasized the imbalance between the number of investors looking to invest and the limited issuance of Bitcoin, which currently stands at only 450 BTC per day. He highlighted that it is institutional investors who are increasingly entering the market following the launch of Bitcoin ETFs by giants like BlackRock:
“There is simply far more demand than the issued or available total supply of Bitcoins in the market. This is just a function of buying and the fact that only 450 BTC are created by the network each day.”
Scaramucci noted that over the past year, there has been significant market consolidation and an increase in the influence of major players, which is driving further price growth. He estimates that more and more financial institutions will prefer to invest in Bitcoin through ETFs rather than through alternative corporate asset accumulation strategies. As an example, he predicted that JPMorgan would buy Bitcoin specifically through BlackRock’s IBIT fund, which he described as “a very safe asset that people trust” and “the cleanest connection to Bitcoin.”
Attitude Towards Stablecoins and Central Bank Digital Currencies
In addition to his Bitcoin forecast, Scaramucci expressed a positive attitude towards stablecoins, noting that they will bring a wave of technological innovations and allow users to avoid fees typical of traditional payment systems. At the same time, he expressed skepticism about the prospects of central bank digital currencies (CBDCs), calling these instruments “too intrusive” in terms of privacy protection.
It is worth adding that Scaramucci has previously criticized companies that issue bonds to buy Bitcoins, and he has emphasized the priority of dollar-backed stablecoins—a position also held by former U.S. President Donald Trump.
Among other experts making similar predictions, the investment firm VanEck stated in December 2024 that Bitcoin could potentially rise to $180,000 by the end of 2025. Additionally, CEO of Canary Capital, Steven McClurg, predicted a price increase to $150,000 this year, while Bitwise representative Andre Dragosh did not rule out a rise to $200,000 after the asset is included in pension plans.