Anthony Scaramucci, the founder of SkyBridge Capital, forecasts Bitcoin could reach $200,000 by the end of 2025. Major factors supporting this surge include the U.S. taking strategic crypto reserve steps, global adoption, and increased institutional interest.

Behind this projection, according to Scaramucci, are the U.S. efforts to establish a strategic crypto reserve, rising global adoption, and growing institutional investor interest.

The U.S. could set up a strategic crypto reserve. In an interview assessing U.S. President Donald Trump’s first 30 days in office, Scaramucci mentioned the U.S. being on the verge of creating a strategic crypto reserve with Bitcoin. He highlighted that ongoing bipartisan discussions led by figures like David Sacks formed the foundation for this initiative. Scaramucci acknowledged, “David Sacks did a great job of turning a strategic crypto reserve into a bipartisan issue,” but expressed uncertainty regarding whether the reserve would meet the expectations of Bitcoin users. Additionally, Scaramucci expressed confidence that a regulatory framework for Bitcoin would be established in the U.S. by the end of the year, which would be part of a global adoption trend boosting Bitcoin’s growth. Claiming, “It’s pretty clear what Americans are going to do for the rest of the world,” Scaramucci argued that many countries have already taken positions, suggesting this development will have a domino effect in international markets. Bitcoin market value could reach $4 trillion. Scaramucci, making bullish predictions about Bitcoin’s value, stated that increasing institutional interest and the potential for Bitcoin to be seen as an alternative to gold would drive prices up. According to Scaramucci, Bitcoin reaching $200,000 by the end of this year translates to approximately a 100% return from its current level and could elevate the total market value to $4 trillion. Scaramucci claimed, “For Bitcoin to truly become an asset class, it needs to operate in the $15-20 trillion range,” suggesting Bitcoin could become a rival value store to gold in the long run. Despite acknowledging the inherent uncertainty in Bitcoin price movements, Scaramucci maintained his optimism about its growth potential, saying, “If I’m right, we’ll have another fantastic year.” Solana and tokenization trends. Scaramucci also shared his thoughts on crypto projects beyond Bitcoin and Ethereum. He noted Solana as one of the most promising networks supporting decentralized applications and scalability, revealing that SkyBridge holds a “nine-figure” investment in this network. “I’m a big buyer of Solana. I have a lot of Solana,” said Scaramucci, highlighting Avalanche and Polkadot as noteworthy projects due to their potential to support asset tokenization. Comparing the development of the crypto market to the 1990s internet revolution, Scaramucci asserted, “Many who persevered despite the collapse in Web1 became very wealthy,” suggesting a similar process is occurring in the crypto and artificial intelligence sectors today. SkyBridge ETF delivered a 150% return. Last year, SkyBridge’s crypto-focused ETF outperformed many competitors by delivering a 150% return. Launched in 2021, this ETF aims to indirectly reflect Bitcoin’s performance by tracking companies like Bitcoin miners, MicroStrategy, and Coinbase. Following the market crisis in 2022 and a subsequent recovery, the ETF recently reached $18 per share. Scaramucci mentioned, “We were buying this stock at $3 or $4, and now it’s back up to $18,” indicating a price target of $35-36 for the ETF this year. Highlighting the strategic structure of the ETF allowing investments in various components of the digital ecosystem without directly holding Bitcoin, Scaramucci stated, “We actively manage by investing in Bitcoin miners and publicly traded companies like MicroStrategy.”