Scaramucci: Bitcoin to $200K by Year-End, US to Lead Crypto Adoption

Anthony Scaramucci, founder of SkyBridge Capital, recently participated in an interview hosted by Saxo, reflecting on the first 30 days of his new role. During the interview, Scaramucci expressed his belief that the bipartisan conversation led by David Sacks, the newly appointed Crypto Czar, has laid a solid foundation for the future of cryptocurrencies in the United States.

Scaramucci praised Sacks' efforts in making a strategic crypto reserve a bipartisan issue, stating, "David Sachs has done a very good job, in my opinion, of trying to make a strategic crypto reserve a bipartisan thing." However, he also acknowledged that the scale of the reserve might not meet the expectations of Bitcoin enthusiasts.

Scaramucci's comments come at a time when the crypto community is experiencing significant volatility, largely due to President Trump's updated tariff plans. Despite this, Scaramucci sees a glimmer of hope for the crypto sector, as the US government is showing interest in crypto regulation and mainstream integration. This could potentially lead to a major bullish movement in crypto prices.

In the interview, Scaramucci predicted that Bitcoin (BTC) could reach $200,000 by the end of this year. He believes that the US government will establish a BTC regulatory framework by the end of 2021, which would not only fuel institutional interest but also trigger a global trend in crypto adoption. Scaramucci stated, "It’s very clear to the rest of the world that the Americans are going to do something — which is why the rest of the world, lots of these sovereigns, are already getting in place."

Scaramucci's optimism is rooted in the potential of BTC to rival Gold's market cap, which would provide a 100% return for current BTC holders. This would also make BTC equivalent to gold, paving the way for the token's bright future in the global financial landscape.