Bitcoin Surges Past $98K, Scaramucci Predicts 2025 Boom

Bitcoin, the leading cryptocurrency, has been steadily recovering from the bearish impact of recent tariff wars, regaining momentum in the market. At the time of writing, Bitcoin was trading at $97,897.78 following a 0.22% hike over the last 24 hours, according to CoinMarketCap.

Amid this resurgence, industry experts are optimistic about Bitcoin's trajectory in 2025. Anthony Scaramucci, Founder and Managing Partner of SkyBridge Capital, predicted that 2025 would be a "very good year" for Bitcoin. He believes that Bitcoin's current price of approximately $98,000 is in line with where it "should have been in 2022."

Scaramucci attributed Bitcoin's prolonged weakness in 2022 to regulatory delays, arguing that the deferred approval of a Spot BTC ETF significantly impacted market sentiment. He stated that this setback "caused a lot of the price damage," preventing Bitcoin from hitting its expected valuation. It wasn't until March 2024 that BTC finally surpassed $60,000, marking a significant recovery.

However, despite past challenges, Scaramucci remains optimistic about the current crypto market landscape. He credits the Trump administration for fostering "propitious, decent, middle-of-the-road regulation."

Scaramucci is now questioning whether institutional investors will make a decisive entry into the Bitcoin market, calling it "a real question." He noted that endowments have started allocating funds to BTC, while sovereign wealth funds in the Middle East are already participating, albeit discreetly.

Despite this growing interest, his bold Bitcoin price predictions remain a topic of debate. Scaramucci had previously projected a $175,000 price post-halving and now speculates that BTC could reach $200,000 this year. However, past inaccuracies in his forecasts suggest that such predictions should be approached with a grain of salt.

Reflecting on his Bitcoin journey, Scaramucci acknowledged that his predictions haven't always come true over the years. He said, "I began my Bitcoin journey about five years ago...You oscillate between genius and dummy."

While Bitcoin's price looks promising, the MVRV ratio