Scaramucci Declares Bitcoin the ‘Manhattan of the Digital Age’—Here’s the Billion-Dollar Reason Why

Move over, Wall Street—Bitcoin just staked its claim as the new epicenter of value. Anthony Scaramucci, the hedge fund heavyweight and crypto evangelist, dropped a bombshell comparison: Bitcoin is to the digital era what Manhattan real estate was to the 20th century. And no, he’s not talking about the rent.

### The Ultimate Scarcity Play

Like prime NYC acreage, Bitcoin’s 21 million hard cap makes it the ultimate finite asset in a world drowning in monetary inflation. Central banks print; Bitcoin’s code refuses to budge. ‘It’s the first self-sovereign property in history,’ Scaramucci argues—while traditional finance still runs on fax machines.

### Network Effect Tsunami

With institutional adoption surging (BlackRock’s ETF alone holds over 300,000 BTC), Bitcoin’s network effect now mirrors Manhattan’s irreversible density. ‘Once critical mass hits, you’re either in the skyline or staring at it from Jersey,’ quips a trader—presumably long on BTC.

### The Punchline

As goldbugs and bureaucrats scramble, Bitcoin keeps architecting its skyline—one immutable block at a time. Just don’t tell the SEC it’s zoning without permits.

Early Bitcoin Purchase Analogy

Scaramucci pointed out that Peter Minuit bought Manhattan Island for just 60 Dutch guilders, or about $24 at the time. Based on reports, land in Manhattan today costs millions.

He used that gap to argue that buying 1 BTC around $111,000 feels like a bargain. Minuit’s deal grew into one of the world’s most valuable real estate markets. Bitcoin, he believes, could follow a similar path.

JUST IN: ANTHONY SCARAMUCCI COMPARES #BITCOIN AT $100K TO BUYING MANHATTAN IN 1690

“THIS IS DIGITAL PROPERTY. YOU EITHER SEE IT, OR YOU DON’T.”pic.twitter.com/DO4hHX1INV

— The bitcoin Historian (@pete_rizzo_) July 10, 2025

Volatility And Early‑Adopter Risks

Investors in Bitcoin know sharp price swings can happen at any moment. The top crypto asset has plunged 70% or more in past cycles, only to rebound later. Scaramucci said that kind of ride is what pioneers signed up for.

He warned that anyone who can’t handle sudden drops might bail out before the next rally. At the same time, those who stay could see big gains.

According to market data, Bitcoin hit a record high of $118,200 today before slipping back to $111,120. Trading volume surged as that peak was reached. It’s a reminder that every rally brings its own tests.

While Scaramucci’s focus is on Bitcoin, he revealed his top alternative holding is Solana. Based on reports, he said SOL’s speed and low fees make it useful for more than just trading. That choice shows he’s betting some of his gains on other networks. Many investors follow a similar playbook: put most money in Bitcoin and a smaller share in projects that could grow faster.

Scaramucci didn’t shy away from risks beyond price swings. He mentioned that US regulators are still deciding how to treat crypto. Data shows that any new rules on exchanges or tokens could shake up the market. He also flagged the chance of a big sell‑off if economic worries spike again.

He argued that Bitcoin is still in its infancy. By comparing it to Manhattan in 1690—before any tall buildings existed—Scaramucci wants to show there’s room to grow.

He forecast a BTC price of $200,000 before year‑end. Those numbers suggest he sees at least an 80% jump from current levels. Whether that happens will depend on more firms and people using crypto over time.

Featured image from Unsplash, chart from TradingView