A bitcoin logo (Marco Bello/Getty Images)

Bitcoin is down but Scaramucci keeps price target high

The SkyBridge Capital founder thinks bitcoin will hit $180,000 to $200,000 before 2026.

Yaël Bizouati-Kennedy

8/20/25 8:52AM

Bitcoin continues to trend down, hovering around $113,000 on Wednesday morning. But SkyBridge Capital’s Anthony Scaramucci remains bullish on bitcoin and said on CNBC that he is sticking to his $180,000 to $200,000 “cautious price target” by year-end. Strategy’s Michael Saylor told everyone to “ignore the bears.”

Meanwhile, bitcoin ETFs continue to suffer, with total outflows totaling $523 million yesterday. Fidelity Wise Origin Bitcoin Fund saw the lion’s share, with $246.9 million leaving the fund.
KindlyMD made its first bitcoin purchase as a public company yesterday, surpassing GameStop in the bitcoin treasury leaderboard with 5,744 bitcoin.
Finally, H100 Group acquired 102 bitcoin, now holding 911.29 bitcoin.

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