Exclusive: Scaramucci says Bitcoin to hit $200k this year, a matter of ‘when, not if’

In an interview, Anthony Scaramucci predicted that Bitcoin could reach $200,000 this year, driven by potential U.S. moves toward a strategic crypto reserve, growing global adoption, and increased institutional interest.

Anthony Scaramucci, founder of SkyBridge Capital, believes the United States is on the verge of establishing a strategic crypto reserve, with Bitcoin (BTC) as its cornerstone asset.

In a recent interview hosted by Saxo to mark President Donald Trump’s first 30 days in power, crypto.news was invited to submit questions. Scaramucci suggested that bipartisan discussions, spearheaded by figures like David Sacks, are laying the groundwork for this move.

“David Sachs has done a very good job, in my opinion, of trying to make a strategic crypto reserve a bipartisan thing,” Scaramucci said, “but I don’t think it will be the scale of what Bitcoiners want.”

Scaramucci is confident that a Bitcoin regulatory framework will be established in the U.S. by the end of the year. He sees this as part of a global trend, with other nations adopting Bitcoin, which he believes will drive its growth.

He emphasized the potential domino effect of such a move internationally.

“It’s very clear to the rest of the world that the Americans are going to do something — which is why the rest of the world, lots of these sovereigns, are already getting in place. If you’re doing it, I’ve got to do it,” he explained. “It will be a when, not if, situation.”  

Bitcoin eyeing $200,000 and beyond

Looking ahead to 2025, Scaramucci made a bold prediction: Bitcoin could hit $200,000 this year, fueled by increased institutional adoption and growing recognition of its potential to rival gold’s market capitalization.

“That’s a 100% return from where we are right now, which would only put Bitcoin at a $4 trillion market cap,” he said.

Scaramucci sees Bitcoin’s trajectory as inevitable, given its digital scarcity and increasing adoption, particularly among younger investors.

“For Bitcoin to truly be an asset class, it would have to trade into the $15-20 trillion zone, which would imply that it had roughly the same value to humankind as gold.” he said. 

While acknowledging the inherent uncertainty in his prediction, Scaramucci remains optimistic about Bitcoin’s growth potential.

“If I’m right, we’ll have another great year,” he added.

Solana and AI are good investments

When asked about promising crypto sectors beyond Bitcoin and Ethereum (ETH), Scaramucci highlighted Solana (SOL) as a standout, noting SkyBridge’s “nine-figure position” in the network.

“I’m a big Solana buyer. I own a lot of Solana,” he said, adding that he views the network as one of the most promising for scaling and supporting decentralized applications.

He also expressed confidence in Avalanche (AVAX) and Polkadot (DOT) for their potential to support asset tokenization. “These are the ones that are really going to help tokenize the planet,” Scaramucci said, pointing to the broader trend of real-world asset tokenization. 

Comparing the current crypto and AI landscapes to the early internet era, Scaramucci drew parallels with the late 1990s tech boom. 

“When I was 36, all the rage was the Web and the internet, Web1. And people got destroyed in Web1 when the crash happened. But anybody that held on got very, very rich,” Scaramucci said, “I think we’re in the same situation today as we were with Web1 and with these two asset classes — crypto and AI.”

Beyond Solana, he disclosed significant investments in AI companies like Nvidia and Asteroid Labs, predicting sustained growth despite concerns about an AI market bubble. 

SkyBridge ETF is a safe buy

SkyBridge’s crypto ETF has delivered a 150% return over the past year, outperforming many competitors. Launched in 2021, the ETF tracks Bitcoin-adjacent companies, including miners, MicroStrategy, and Coinbase.

After weathering the 2022 downturn, the ETF rebounded, recently reaching $18 per share.

“We were buying it at $3 or $4 a share, and it’s now back up to $18,” Scaramucci explained. “This year, there’s probably a $35-36 price target for that ETF.”

The ETF’s composition reflects a strategic approach to mimic Bitcoin’s performance without directly holding the asset.

“We can own the components of the digital ecosystem. We can own some of the Bitcoin miners, which are publicly traded,” he said. “We can own something like MicroStrategy, which is publicly traded… we actively manage it.”