Anthony Scaramucci Forecasts Bitcoin at $1.5 Million, Eyes 'Gold Parity'

HKAN | Oct 22

In a striking bullish call for the world’s largest cryptocurrency, Anthony Scaramucci — founder of SkyBridge Capital — says Bitcoin could reach $1.5 million, a milestone that would bring it into parity with gold’s massive market value.

Key Points

• Scaramucci argues that Bitcoin’s pathway to $1.5 million is driven by mounting institutional demand and a shift in generational preferences toward digital assets.

• He calls this projected valuation “gold parity,” suggesting Bitcoin could eventually rival the precious metal in terms of market cap and status.

• According to Scaramucci, the younger generation favors Bitcoin over gold, which may accelerate its rise.

• He also highlights Bitcoin’s resilience, stating that it has survived multiple market cycles and remains standing — likening it to “a cockroach that survives everything.”

Why It Matters

• Institutional momentum: Scaramucci’s thesis rests on the idea that as traditional financial institutions allocate more to Bitcoin, the asset’s price potential expands dramatically.

• Scarcity meets scale: With Bitcoin’s capped supply and growing adoption, his projection suggests a steep increase in value driven by supply-constraint and demand expansion.

• Digital store of value narrative: By equating Bitcoin to gold in market value and status, Scaramucci reinforces the narrative of Bitcoin as “digital gold” — a hedge and long-term store of value rather than just a speculative asset.

• Generational shift: His commentary highlights a broader trend: younger investors gravitating toward digital assets and away from traditional hedges like gold, which could reshape asset-allocation norms.

Considerations & Risks

• Timeframe: Scaramucci does not provide a clear timeline for reaching $1.5 million, which makes the projection speculative.

• Macro & regulatory headwinds: Bitcoin’s path will depend on broader economic conditions, regulatory clarity, and institutional behaviour — all of which remain uncertain.

• Volatility: Even with bullish long-term views, Bitcoin remains highly volatile, and large price moves in either direction are possible.

• Comparisons to gold: While the gold parity concept is bold, critics may argue that gold’s role, regulatory environment and market structure differ significantly from Bitcoin’s.