Anthony Scaramucci, founder of investment firm SkyBridge Capital and well-known Bitcoin (BTC) maximalist, expects an explosive rally for the “queen of cryptocurrencies” in 2025. In an interview with the Wall Street Journal, he predicts that the BTC price could rise to 200,000 USD, an increase of almost 87% compared to the current price of 107,000 USD.
Factors behind the forecast
Scaramucci sees several factors that could drive this rise in value. He expects a “wave” of crypto-friendly policies under former President Donald Trump. He also stresses that it is still “early” to invest in Bitcoin and increasingly sees the digital currency as a modern form of store of value that is accepted by both retail investors and institutions.
The SkyBridge founder also criticizes the US Securities and Exchange Commission (SEC) and its chairman Gary Gensler for the delay in approving Bitcoin spot exchange-traded funds (ETFs). In his opinion, this delay has slowed the price development of Bitcoin. Now that the first ETFs are being approved, he expects a positive effect on the BTC price.
Too pessimistic?
Despite his optimistic forecast, Scaramucci suggested that Bitcoin still has the potential to double in value. He even noted with a wink that colleagues thought he was “too bearish” with his prediction.
Bitcoin versus Gold: Brandt’s Analysis
Peter Brandt, a renowned analyst in the financial world, also shares Scaramucci’s optimism and goes even further. In a recent analysis on the social media platform X, he predicts that Bitcoin could outperform gold by 120%.
Brandt bases his prediction on a classic “cup and handle” pattern in Bitcoin’s price chart against gold, a pattern that has historically often led to sharp price increases. Currently, 1 BTC is equivalent to about 1.1 kg of gold, but Brandt says this could rise to 2.5 kg of gold. This would equate to a BTC price of 230,000 USD, representing growth of almost 115% compared to the current price.
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