Skybridge Capital founder Scaramucci: Bitcoin's target price by the end of the year will remain between $180,000 and $200,000

SkyBridge Capital founder and CEO Anthony Scaramucci told CNBC in an interview that despite the recent market correction, he maintains his year-end target price for Bitcoin at between $180,000 and $200,000. Scaramucci noted that the market is currently in a consolidation phase, with institutional investors entering the market at an accelerated pace. Compared to the retail-dominated conference atmosphere three years ago, more attendees are now institutions. He believes that selling by some large investors has caused short-term market volatility, but the medium-term outlook remains positive as demand continues to outstrip supply. He added that both he and his SkyBridge holdings hold significant amounts of Bitcoin, emphasizing that Bitcoin's limited supply and institutional demand are the core drivers of price increases.