Despite the geopolitical tensions in the Middle East, rising oil prices, Billionaire investor Anthony Scaramucci has made a bold long-term prediction for Bitcoin, saying the asset could eventually reach $1.5 million per coin. Speaking on the PBD Podcast, the founder of SkyBridge Capital revealed that Bitcoin remains his largest investment position.
“Bitcoin is my largest position by far… and I’ve added recently,” Scaramucci said during the discussion, signaling continued confidence in the digital asset despite market volatility.
His outlook is rooted in the belief that Bitcoin will gradually become a global store of value, competing directly with traditional assets like gold.
The $1.5 Million Bitcoin Thesis
Scaramucci explained that his price target is based on Bitcoin eventually reaching the market capitalization of gold. If Bitcoin were to match gold’s valuation, the cryptocurrency’s total market cap could reach tens of trillions of dollars, implying a price close to $1.5 million per BTC.
However, he stressed that this transformation will take time.
“I think it’s going to be the market capitalization of gold, but I think it’s going to take about 15 years to get there. It’s not going to happen overnight,” he said.
According to Scaramucci, Bitcoin’s fixed supply of 21 million coins makes it uniquely positioned to absorb growing demand as investors look for alternatives to traditional currencies.
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Institutional Buying Tightens Supply
Moving on, he also noted that the large institutions are steadily accumulating Bitcoin. Scaramucci pointed to aggressive buying by Michael Saylor and his company, Strategy, as an example of how institutional demand is impacting supply dynamics.
At times, Saylor’s firm has been purchasing more Bitcoin than the network produces daily through mining, tightening the available supply on the market.
Bitcoin mining releases roughly 450 new BTC per day, yet large buyers have been accumulating at even faster rates. This imbalance between supply and demand could become a main driver of future price growth.
Why the Next Generation Could Drive Bitcoin Higher
Scaramucci also believes the biggest wave of Bitcoin adoption may come from younger investors over the next decade. As wealth transfers to digitally native generations, he expects Bitcoin to become a more widely accepted financial asset.
He argued that declining trust in traditional fiat systems could further strengthen Bitcoin’s role as a decentralized store of value.
In his view, the long-term shift toward digital assets is only beginning, and if adoption continues to grow, Bitcoin could eventually emerge as one of the largest financial assets in the world.
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FAQs
He says Bitcoin’s fixed 21M supply and rising global demand could push its market cap toward gold’s level, potentially driving the price near $1.5M per BTC.
Heavy buying by firms like MicroStrategy and investors such as Michael Saylor can reduce market supply and support bullish momentum.
Growing adoption among younger investors and institutions may increase liquidity, volatility, and long-term bullish trends in the Bitcoin market.
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