The world’s largest cryptocurrency, Bitcoin (BTC), has been on a rollercoaster lately. The asset has witnessed several highs and lows throughout the past year. Over the last 12 months, BTC has surged by nearly 100%. Bitcoin went from trading at a low of $49,121.24 to a high of $109,114.88. Even though BTC dropped below $100,000, the asset could witness a massive uptick in the coming months. But Skybridge Capital’s founder, Anthony Scaramucci, restored hope to the BTC market.

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Here’s Bitcoin Is Set To Hit $200,000

According to Skybridge Capital CEO, the king coin is expected to reach $200,000 this year, and a possible U.S. reserve for the cryptocurrency is also imminent. He thinks BTC will hit $200,000 in 2025, which would represent “a 100% return from where we are right now“. Scaramucci stressed in an interview with Saxo Bank that BTC would need to attain a market valuation of $15–$20 trillion in order to establish itself as an asset class.

Furthermore, highlighting Donald Trump’s proposals for a strategic BTC reserve, he stated that bipartisan support is necessary to see them through to completion. Scaramucci was also unapologetically critical of Trump’s engagement with the cryptocurrency industry, calling it a diversion from constructive regulatory advancements.

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How Is The King Coin Faring Right Now?

At the time of writing, Bitcoin was priced at $97,503.96. This comes after a 1.32% rise over the past 24 hours. The world’s largest cryptocurrency had a rough start to the week, as it was trading at a low of $93,749. As the community waits for the king coin to move beyond $100,000, it seems to be taking longer than expected. It is worth noting that BTC is currently trading over 10% below its all-time high of $109,114.88.

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