Anthony Scaramucci Says $180,000 Bitcoin Price Explosion Possible As BTC ‘Supremacy’ Creeps Up – Here’s His Timeline

SkyBridge Capital founder and CEO Anthony Scaramucci says Bitcoin (BTC) appears ready for more upside as it hovers around its all-time high.

In a new interview on the White Crypto YouTube channel, the hedge fund veteran says Bitcoin could go up by up to 65 from the current level before the end of the year.

“Well, every time I make a price prediction, I get it wrong. But I did say last year that I thought we could close in on $100,000. We didn’t quite get there until after the [President Trump] inauguration. But I do think this is $150,000 to $180,000 by year-end.”

According to Scaramucci, demand for Bitcoin from institutional investors is primed to keep going up.

“Bitcoin supremacy, if you will, is creeping up and I think that’s going to continue because it’s the go-to asset for institutional investors. That’s not to say that the other coins won’t do well. But I think institutional dollars that are coming into the space, something like 80 of those dollars will end up in Bitcoin.”

Scaramucci, however, says Bitcoin is currently facing various headwinds amid the heavy demand.

“There are a lot of things holding Bitcoin back. We’re fighting in the Gulf, we’re fighting in Ukraine and we’re fighting in the former Soviet Union, Russia. There’s global tension. There’s a fear of recession. We’re still getting over the aftermath, economically, of COVID. And so there are a lot of things holding Bitcoin back.

But despite that, there’s very heavy net buying of Bitcoin, particularly through the [exchange-traded funds] ETFs.”

Bitcoin is trading at $109,273 at time of writing.