SkyBridge Capital Founder: Year-End Bitcoin Price Target Remains at $180,000 to $200,000

According to ChainCatcher, Anthony Scaramucci, founder and CEO of SkyBridge Capital, stated in an interview with CNBC that despite the recent market correction, he still maintains his year-end price target for Bitcoin at between $180,000 and $200,000.

Scaramucci pointed out that the market is currently in a consolidation phase, with institutional investors entering at an accelerated pace. Compared to three years ago, when conferences were dominated by retail investors, there are now more institutional participants. He believes that short-term market fluctuations are caused by some large investors selling off, but the medium-term outlook remains optimistic as demand continues to outpace supply.

He added that both he and his firm SkyBridge hold a significant amount of Bitcoin, emphasizing that Bitcoin’s limited supply and institutional allocation demand are the core drivers behind its price increase.