 
 
Amid all the turbulence in the crypto market lately, many crypto enthusiasts are keeping their eyes on the bigger picture. Former White House communications director Anthony Scaramucci sees Bitcoin reaching “between $180,000 and $200,000” by the end of 2025.
Bitcoin’s price action has been anything but lackluster, as another wild 24-hour cycle brought traders on a roller coaster ride, with the foremost cryptocurrency falling a further 1.5%. BTC is currently down 9.3% from its early August all-time high of just over $124,000.
During a recent interview with CNBC at the Wyoming Blockchain Symposium, Scaramucci, who is the founder and managing partner of investment firm SkyBridge Capital, described this as “a cautious price target.”
He cited supply-and-demand dynamics as the main catalyst, stating that “there’s just way more demand than the issued supply of Bitcoin, or the existing overall supply in the marketplace.”
“I just think it’s a function of buying and only 450 Bitcoin being made by the network per day,” the fund strategist posited.
 
Scaramucci highlighted the soaring institutional adoption of Bitcoin over the past year, citing the launch of spot exchange-traded funds (ETFs) by asset managers like BlackRock and the increasing role of institutional participants.
“If you went to a conference like this three years ago, it was mostly retail investors and CEOs working in the layer-one blockchain space,” he said. “Today, it’s lots more institutional investors.”
Scaramucci expects much of this institutional investment to go into the ETFs rather than corporate Bitcoin investment vehicles such as Michael Saylor’s Strategy, a Nasdaq-listed company that popularized the BTC accumulation strategy.
Scaramucci previously disclosed that he was the first external investor in BlackRock’s iShares Bitcoin Trust (IBIT), prior to its approval in January 2024.
According to him, JPMorgan will prefer to buy its Bitcoin via the IBIT as “it’s a very secure asset that people trust.” He called BlackRock’s industry-leading spot BTC ETF, the “purest link to Bitcoin.”
It’s worth mentioning that Scaramucci isn’t the only uber-bullish expert in the cryptosphere. Earlier in July, British multinational bank Standard Chartered predicted a potential Bitcoin rocket rally to $200,000 by year-end.
Source: https://zycrypto.com/bitcoin-may-still-have-steam-for-200000-by-end-of-2025-anthony-scaramucci-forecasts/