- Bitcoin is recovering somewhat from the tariff war’s impact, with experts optimistic about its 2025 trajectory
- Scaramucci highlighted institutional interest, ETF delays, and Bitcoin’s potential $200k price target
Bitcoin [BTC] is steadily recovering from the bearish impact of the recent tariff war, regaining some momentum in the market. In fact, at the time of writing, the leading cryptocurrency was trading at $97,897.78 following a 0.22% hike over the last 24 hours, according to CoinMarketCap.
Amid this resurgence, industry experts are optimistic about BTC’s trajectory in 2025.
Scaramucci’s Bitcoin prediction
Speaking on CNBC’s Squawk Box, Anthony Scaramucci, Founder and Managing partner of SkyBridge Capital, predicted that 2025 year would be a “very good year” for Bitcoin. According to the exec, Bitcoin’s press time price of approximately $98,000 was in line with where it “should have been in 2022.”
He further pointed to the approval of a BTC spot ETF in January 2024 as a significant milestone. One that, in his view, was long overdue, as it “should have occurred in the first quarter of 2022.”
Scaramucci attributed Bitcoin’s prolonged weakness in 2022 to regulatory delays, arguing that the deferred approval of a Spot BTC ETF significantly impacted market sentiment.
He also stated that this setback “caused a lot of the price damage,” preventing Bitcoin from hitting its expected valuation. It wasn’t until March 2024 that BTC finally surpassed $60,000, marking a significant recovery.
However, despite past challenges, Scaramucci remains optimistic about the current crypto market landscape, crediting the Trump administration for fostering “propitious, decent, middle-of-the-road regulation.”
How have certain delays in development disrupted BTC’s growth trajectory?
That being said, Scaramucci is now questioning whether institutional investors will make a decisive entry into the Bitcoin market, calling it “a real question.” He noted that endowments have started allocating funds to BTC, while sovereign wealth funds in the Middle East are already participating, albeit discreetly.
Despite this growing interest, his bold Bitcoin price predictions remain a topic of debate. For those unaware, he had previously projected a $175,000 price post-halving and now speculates that BTC could reach $200,000 this year.
However, past inaccuracies in his forecasts suggest that such predictions should be approached with a grain of salt.
Reflecting on his Bitcoin journey, Scaramucci acknowledged that his predictions haven’t always come true over the years. He said,
“I began my Bitcoin journey about five years ago…You oscillate between genius and dummy.”
What lies ahead for Bitcoin?
While Bitcoin’s price looks promising, the MVRV ratio remains a crucial metric for assessing BTC’s market health. Especially since it offers insights into investor sentiment and potential price movements.
By comparing market capitalization to realized value, it helps gauge whether Bitcoin is overvalued or undervalued at any given time.
Historically, a declining MVRV ratio has often marked attractive entry points for long-term investors. However, if this trend persists, it could signal “lingering market weakness or caution among investors.”
