Bitcoin’s 2025 Trajectory: Will It Smash Through $200K or Face Reality Check?
Bitcoin defies gravity—again. The digital gold narrative gains steam as institutional adoption accelerates and macroeconomic uncertainty persists. Traditional finance scrambles to catch up while crypto natives stack sats.
The Halving Effect
Supply shock meets demand surge. Miners tighten belts while ETFs hoover up available coins. Scarcity becomes Bitcoin's ultimate weapon against inflationary fiat systems.
Regulatory Rollercoaster
Politicians flip-flop while builders build. The SEC's revolving door policy creates whiplash—but decentralized networks operate 24/7 regardless of bureaucratic mood swings.
Technical Breakout or Breakdown?
On-chain metrics scream bullish. Exchange reserves drain, whale accumulation intensifies, and the hashrate hits new highs. Meanwhile, traditional portfolio managers still can't explain it at cocktail parties—they just know clients want exposure.
Wall Street's reluctant embrace meets Cypherpunk ideals in a perfect storm. Whether Bitcoin kisses $200K or not, one thing's clear: the financial establishment's monopoly on value storage is crumbling faster than a central bank's credibility during inflation spikes.
Bitcoin is currently trading near $113,000, and according to SkyBridge Capital founder Anthony Scaramucci, the rally has entered a new phase dominated by institutional adoption. In an interview with CNBC, SkyBridge Capital founder Anthony Scaramucci has opened up about the growing role of traditional finance in crypto markets and predicted further upside for Bitcoin by the end of the year.
Supply crunch supports higher targets
The SkyBridge chief remains confident in Bitcoin’s fundamentals. With only 450 new bitcoins mined daily, demand continues to far outweigh supply. His firm has kept its year-end price target in the $180,000 to $200,000 range, which he described as a more realistic prediction compared to even more aggressive projections from other market participants.
“We have seen cycles of pain and euphoria, but the math is clear,” Scaramucci explained. “There is simply not enough new issuance to meet growing demand.”
Bitcoin investment paths expanding
Asked about the choice between buying bitcoin directly, ETFs, or exposure through companies such as MicroStrategy, Scaramucci described all avenues as valid but differentiated. Institutions restricted from holding Bitcoin directly often choose ETFs or Bitcoin-linked equities, while purists and long-term holders still prefer direct ownership.
Even banks like JPMorgan now lend against Bitcoin, underscoring its growing credibility as collateral. SkyBridge itself continues to hold substantial amounts of Bitcoin in custody.
Stablecoins and future of payments
Scaramucci also addressed the expanding stablecoin market, including the state of Wyoming’s announcement of its own dollar-backed token. He views the growth of stablecoins as supportive of the US dollar and Treasury markets, while also fostering new payment rails that could bypass costly intermediaries like credit card companies.
At past SkyBridge events, attendees tested stablecoin-based payments in Bermuda, with instant settlement proving both efficient and user-friendly. He expects further consolidation in the sector, with private companies driving innovation rather than a government-issued central bank digital currency.
