SkyBridge CEO Scaramucci Says $500K Bitcoin Could Become Asset Class

SkyBridge Capital CEO Anthony Scaramucci and other industry leaders discussed Bitcoin's maturation into a full-fledged asset class at the Consensus 2025 conference, pinpointing a $500,000 Bitcoin price as a critical milestone signaling widespread institutional acceptance. They emphasized that institutional adoption and regulatory clarity, alongside price appreciation, are essential for crypto's legitimacy, with Bitcoin increasingly seen as digital gold due to its hedging capabilities and accessibility compared to other crypto tokens. Scaramucci highlighted the role of spot Bitcoin ETFs, especially in the U.S., as pivotal in advancing crypto's institutional legitimacy, noting the unintended effects of SEC enforcement actions in fostering a competitive market. Beyond Bitcoin, Scaramucci endorsed Solana as a leading altcoin candidate for ETF inclusion due to its scalability and staking rewards, while also stressing the urgency of stablecoin regulation for market stability and U.S. financial leadership. He underscored the growth potential of Bitcoin’s market cap from trillions toward $20 trillion if fully recognized as an asset class, fueled by increasing wallet counts and reduced volatility. Overall, the panelists conveyed optimism about crypto's evolving role in mainstream finance, contingent on regulatory progress and broader institutional engagement.