Despite Bitcoin’s recent price downturn, Anthony Scaramucci, the founder of SkyBridge Capital and former White House director of communications during US President Donald Trump’s first term, remains optimistic about the future of Bitcoin. Scaramucci said he expects BTC’s price to reach $200,000 by the end of 2025. Bitcoin’s Crash Just A Buying Opportunity As Price Heads To $200K Bitcoin will reach $200,000 despite the latest market bloodbath. Since setting its current all-time high of nearly $109,000 in January, Bitcoin’s price dived to a four-month low of around $77,100 this week, tumbling sharply alongside U.S. tech stocks and other crypto assets. The huge sell-off came as the U.S. President Donald Trump’s drastic tariff plans sparked concerns among investors, further worsened by his comments that he would not rule out a recession during this “period of transition.” Anthony Scaramucci remains bullish due to the four-year Bitcoin cycle that has played out after every halving. He believes BTC is currently trading at a 20% discount to its expected value. As such, he is scooping up more coins at current prices. BTC has rebounded to $82,248 as of press time, representing a 3.1% gain on the day according to CoinGecko . The Bitcoin halving refers to a periodic event built into the protocol when the amount of Bitcoin given to crypto miners is cut in half as a reward. This is to slow down the rate at which new Bitcoins are generated, limiting inflation and extending its issuance over time. The 64th and final halving will occur sometime in 2140, after which no more Bitcoin will be created. The SkyBridge Capital founder and managing partner believes that even if Bitcoin does not reach the exact target, the $150,000-$200,000 range would still make 2025 a great success for the benchmark cryptocurrency. Despite the wild price swings in the short-term, Bitcoin’s long-term trajectory has always remained bullish. Market drawdowns shake out weak hands but “diamond hands” investors are focused on the bigger picture. Historically, the quadrennial halving events have sparked parabolic upward moves, and Scaramucci thinks this time will be no different.
Only 10% of Canadians Own Bitcoin
