Bitcoin Could Hit US$200,000 by 2025, SkyBridge Capital Founder Says

Bitcoin, which has a supply of 21 million BTC, recently set a new record at US$107,000 (Rp1.7 billion) per coin.

Bitcoin, which has a circulating supply of 21 million BTC, recently set a new record at 107,000 US dollars (IDR 1.7 billion) per coin. In line with this surge, SkyBridge Capital founder Anthony Scaramucci has projected that the price of Bitcoin could reach 200,000 US dollars (IDR 3.2 billion) by 2025.

Scaramucci shared this outlook during a recent interview with The Wall Street Journal on December 17. The SkyBridge boss explained that this projection is driven by a series of more friendly crypto policies in the United States, which is expected to trigger a surge in demand.

According to Scaramucci, despite Bitcoin's current market capitalization being very large, the price of this digital asset still has the potential to increase rapidly. In fact, even though many parties have started to feel like they are joining late, he insists that those who have just bought Bitcoin are still considered "early" in the journey of the crypto asset.

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Currently, Bitcoin is trading in the price range of 106,859 US dollars (Rp1.71 billion), showing an increase of 9.5% in the last 24 hours. On Monday, December 16, 2024, the price of Bitcoin reached a new record high at 107,822 (Rp1.72 billion) US dollars.

Moreover, Scaramucci also addressed the skepticism among potential investors who feel that it is too late to join. He stated that the price of Bitcoin is still far from its potential, and in the future, Bitcoin could become one of the main store of values, which he predicts will be achieved in 2026.

However, Scaramucci did not hold back in criticizing the regulatory policy issued by the US Securities and Exchange Commission (SEC). He assessed that the SEC's decision, especially regarding the postponement of the approval of the Bitcoin ETF, has prevented Bitcoin from reaching its proper price. According to him, the current price of Bitcoin is still at a level that should have been achieved in early 2022 if there were no regulatory barriers.