Finance

Bitcoin to $200K? Scaramucci’s Bold Prediction Amidst Market Jitters and Trump Factor

August 20, 2025, 4:27 PM

A photograph of Anthony Scaramucci, a man in a dark suit, speaking at a podium in front of a colorful, blurred background.

A professional photograph of Anthony Scaramucci delivering a speech at the 2016 FreedomFest event. By Gage Skidmore from Peoria, AZ, United States of America - Anthony Scaramucci, CC BY-SA 2.0, via Wikimedia Commons.

Executive Summary

SkyBridge Capital founder Anthony Scaramucci predicts Bitcoin will surge to between $180,000 and $200,000 by the end of 2024, despite recent market fluctuations.

Scaramucci attributes his bullish outlook to tightening supply dynamics, increasing institutional adoption (highlighting BlackRock’s IBIT ETF), and Bitcoin’s growing global recognition as a hedge asset.

He emphasizes a “shift in ownership” within the Bitcoin market, where institutional demand consistently outstrips the limited daily issuance and available supply, driving his confidence in future growth.

The Story So Far

Anthony Scaramucci’s bullish Bitcoin prediction is underpinned by several key factors: a tightening supply dynamic due to limited daily issuance and whales offloading holdings; significant and growing institutional adoption, highlighted by the strong performance of spot Bitcoin ETFs; and the cryptocurrency’s increasing global recognition as a hedge asset, with some investors anticipating a more explosive price surge influenced by potential favorable Federal Reserve appointments under President Donald Trump.

Why This Matters

Anthony Scaramucci’s reiterated prediction of Bitcoin reaching $180,000-$200,000 by year-end, despite recent market fluctuations, signals a strong belief among some investors in a significant upcoming surge driven by fundamental shifts. This optimistic outlook is underpinned by tightening supply dynamics, increasing institutional adoption, particularly through successful spot Bitcoin ETFs, and Bitcoin’s growing recognition as a global hedge asset, suggesting that major corporate and traditional finance players are increasingly influencing its trajectory, potentially even bolstered by future political appointments under Donald Trump.

Who Thinks What?

Anthony Scaramucci predicts Bitcoin will surge to between $180,000 and $200,000 by the end of 2024, citing tightening supply dynamics, increasing institutional adoption, and a shift in ownership where demand outstrips limited daily issuance.

Many analysts remain optimistic about Bitcoin’s short-term potential, anticipating new all-time highs and a potentially more explosive price surge, with some investors hoping President Donald Trump makes favorable appointments to the Federal Reserve.

Some market participants are questioning Bitcoin’s immediate trajectory due to recent robust downward movement in the cryptocurrency market.

Despite Bitcoin’s recent retest of the $113,000 price level and questions about a potential bearish phase, SkyBridge Capital founder Anthony Scaramucci has reiterated his bold prediction that BTC will surge to between $180,000 and $200,000 by the end of 2024. Scaramucci, a long-time Bitcoin advocate, shared his outlook during a CNBC interview, later highlighted by Altcoin Daily on the X platform, citing tightening supply dynamics, increasing institutional adoption, and global recognition of Bitcoin as a hedge asset.

Scaramucci’s Bullish Outlook Amid Market Fluctuations

Scaramucci’s reaffirmation comes as the cryptocurrency market experiences robust downward movement, leading some to question Bitcoin’s immediate trajectory. However, many analysts remain optimistic about Bitcoin’s short-term potential, anticipating new all-time highs.

The SkyBridge founder maintains that Bitcoin remains fundamentally bullish in various scenarios. He expressed hope that President Donald Trump would make favorable appointments to the Federal Reserve, reflecting a sentiment among some investors that Bitcoin’s next price surge could be significantly more explosive than previous cycles.

Drivers of Bitcoin’s Potential Surge

Scaramucci highlighted the current market environment as one characterized by significant consolidation and growing institutional adoption. He noted a shift in Bitcoin’s price action drivers from predominantly retail adoption and Layer 1 blockchain CEOs to large corporations accumulating the digital asset at substantial rates.

A key factor supporting this shift, according to Scaramucci, is the robust performance of BlackRock’s spot Bitcoin ETF, IBIT, which has successfully attracted a diverse range of both retail and institutional investors. This influx of institutional capital underscores a broader trend in the market.

The Ownership Transition

Scaramucci pointed to what he describes as a crucial “shift in ownership” occurring within the Bitcoin market. While institutional adoption is on the rise, Bitcoin whales have continued to offload their holdings. He attributes this pattern to the limited daily issuance of new Bitcoin, with only approximately 450 BTC being generated by the network each day.

During this transition, Scaramucci observes that demand for Bitcoin has consistently outstripped its newly issued supply and overall available supply in the market. This supply-demand imbalance underpins his confidence that Bitcoin still has considerable room for growth.

Considering these developments, Scaramucci views the current price pullback as a healthy correction, anticipating another explosive move that will lead Bitcoin to his cautious price target of $180,000 to $200,000 by year-end, even as some other analysts foresee even higher targets.