The head of one of Wall Street’s most popular cryptocurrency exchange-traded funds, Anthony Scaramucci, has forecast that bitcoin will reach $200,000 by 2025 and that a U.S. reserve for the cryptocurrency is also imminent.
This is based on quotes from an interview he had with Saxo Bank in which he talked about his opinions about the industry. According to BourseWatch data, His First Trust SkyBridge Crypto Industry & Digital Economy ETF CRPT returned 74% in 2024 and was, by certain measures, the top-performing ETF the previous year.
The 2024 performance was attributed by the former communications director during President Trump’s first term to holding “components of the digital ecosystems” like Coinbase Global Inc. (COIN) and MicroStrategy Inc. (MSTR).
Along with bitcoin (BTCUSD), he claimed that his company developed a list of 20 stocks that “did well and then it crashed” in 2021. We were purchasing it for $3 or $4 per share, but if you were like us, it’s now back up to $18. The price goal for that ETF this year is most likely between $35 and $36, according to Scaramucci.
In 2025, bitcoin will be worth $200,000, “a 100% return from where we are right now,” according to the founder of the alternative investing company Skybridge, which would put its market value at $4 trillion. However, he also thinks that bitcoin “would have to trade into the $15-$20 trillion zone” in order for it “to truly be an asset class.”
Regarding his current cryptocurrency recommendations, Scaramucci views bitcoin and Solana (SOLUSD), in which he has a “nine-figure position,” as key assets. In addition, he has long-term holdings in Avalanche (AVAXUSD) and Polkadot (DOTUSD). In addition, he has “big positions” in AI firms like Nvidia Corp. (NVDA), despite the fact that “some people think they’re bubbles.”
According to him, AI is “revolutionary stuff” that brings to mind Web1, the early internet, when some people suffered greatly during the subsequent crash, but those who survived became extremely wealthy. “And I think we’re in the same situation today as we were with Web1 and with these two asset classes, crypto and AI.”
Trump’s campaign promise to establish a strategic bitcoin reserve in the United States was also discussed by him. Last month, the president signed an executive order to form a working group and assist in proposing a federal regulatory framework. Scaramucci stated that while it is “workable… and will happen,” Trump must first secure bipartisan support for a reserve. By year’s end, he anticipates a “framework for it.”
Are they going to purchase 50,000 bitcoins? Are they going to purchase 100,000? Are they going to purchase the BlackRock ETF? They’re going to take action in this area, and I believe that the rest of the globe can see that the Americans will take action, which is why many of these sovereigns are already taking action. It resembles a Nash game theory in certain ways. I have to do it if you’re doing it. And you’ll see people doing it, I believe. And for this additional reason, I believe that bitcoin will rise this year,” he stated.
When asked why he believed Trump started a memecoin, Scaramucci said, “The answer is that he’s a thief. I want to buy his Truth Social and his World Liberty coin, and I want to stop all three of those things because they are a national disgrace.”
He claimed that Trump’s actions have “proliferated and slowed down positive crypto regulation.” There are hundreds of meme currencies that are ascending into the sky. He is a thief, and that is a catastrophe.
