Bitcoin (CRYPTO: BTC) should already be trading at $200,000, according to Anthony Scaramucci, who believes persistent inflation, rising government deficits and continued government spending have constrained the rally.
In an interview with Cointelegraph at SALT London, the SkyBridge Capital founder questioned Bitcoin’s weak price performance despite favorable long-term fundamentals.
He remains a strong believer in Bitcoin’s four-year cycle, predicting renewed momentum as the next halving approaches in 2028.
Scaramucci argued that even investors skeptical of the cycle should pay attention because other market participants continue to trade around it.
He suggested that cycle-driven investors could increase BTC purchases towards Q4, potentially creating fresh buying pressure.
Bitcoin’s global brand recognition has exceeded Scaramucci’s expectations, although its price remains well below where he anticipated.
Regulation And Institutional Adoption To Drive BTC Higher
Scaramucci criticized President Donald Trump for damaging bipartisan support for the Clarity Act through his family’s cryptocurrency business interests and meme coin launches.
He argued that disagreements over ethics provisions further complicated the legislation’s passage.
However, he praised SEC Chair Paul Atkins for providing regulatory guidance around tokenization.
Scaramucci believes growing adoption of tokenized assets could make crypto’s progress difficult to reverse.
On the reported $6.3 billion Binance hack, he warned of institutional concerns but praised the exchange’s swift response as a sign of industry maturity.
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