 
 
Bitcoin is still on track to reach anywhere between $180k-$200k, according to Anthony Scaramucci, the CEO and founder of Skybridge Capital. Scaramucci believes that we are undergoing a price consolidation exercise right now, but the long-term price target of close to $200k is still on the cards. The statement came even as the premier digital currency dropped below $115k earlier today and closed to testing the $110k support level.
Scaramucci Remains Bullish on Bitcoin
Scaramucci gave these comments during a recent segment of CNBC’s hit financial show Squawk Box. He said:
“[bitcoin conferences] used to have retail investors and CEOs working for layer-1 blockchain space but today it is lots more institutional investors so that’s finally starting to happen…., we still maintain our price target of $180k-$200k by the year’s end and I think that is a cautious price target….”
Scaramucci is a successful investor with over 20 years of experience in this sector. He founded Skybridge Capital in 2010 and has since grown it to billions of dollars in Assets Under Management (AUM).
The firm started to gain exposure in the crypto economy in 2022 but faced considerable scrutiny due to an investment partnership with the FTX crypto Sam. Scaramucci remains one of the most pro-crypto financial CEOs in the world despite the FTX hiccup.
 
However, his major claim to fame isn’t related to crypto or finance, but rather during the time when he served as the White House Chief of Staff for a volatile few weeks during the first Trump presidency. He claimed a grand conspiracy against the president and fired several top members of the cabinet before eventually being shown the door himself. The whole episode was among the top comic highlights of the first Trump term.
The Future
Cryptocurrencies, including Bitcoin, have been on the defensive for the better part of the last week. After recording a new All-Time High (ATH) of $24.5k on August 14, Bitcoin has since lost around 9% of its value in a few days’ time. Altcoins have had even deeper price pullbacks, mostly in double digits.
However, as Scaramucci pointed out, the current trend is reminiscent of previous price consolidation phases, and the short-term support at $112k is likely to remain in play for the time being. Regardless of this momentary lapse, the bulls are expected to strike back in the 4th quarter of 2025 as we head into the highly anticipated end of the ongoing bull market.
Source: https://zycrypto.com/bitcoin-on-track-to-reach-200000-by-the-end-of-2025-anthony-scaramucci/