Scaramucci: Bitcoin Could Reach Gold’s $35T Market Cap Within 10–15 Years
Anthony Scaramucci, founder of SkyBridge Capital and former White House communications director, reiterated a long-term bullish view on Bitcoin (BTC), saying BTC could match gold’s roughly $35 trillion market capitalization within 10–15 years. Speaking on the PBD Podcast, Scaramucci cited Bitcoin’s fixed 21 million supply and growing utility as a financial network as drivers that could push BTC toward a theoretical price above $1.5 million per coin at parity with gold. He disclosed Bitcoin is the largest allocation in his portfolio and that he increased holdings during the recent dip. The articles note recent BTC price volatility — a peak near $126,080 in October 2025, a low near $60,000, and trading around $73,480 at publication — and list BTC market cap at about $1.47 trillion and total crypto market cap near $2.57 trillion. The coverage also references similar bullish commentary from Michael Saylor and significant institutional accumulation by Strategy (recently buying 17,994 BTC; Strategy’s holdings cited at 738,731 BTC), plus a mention of other bullish forecasts such as Tim Draper’s multi-year price target. For traders: the news reinforces continued institutional demand and prominent long-term bullish narratives for BTC, highlights large-scale accumulation that can support price floors, but contrasts with recent steep volatility that creates short-term trading risk.
Bullish
The combined coverage emphasizes renewed high-profile bullish convictions and continued large-scale institutional accumulation, both of which are constructive for Bitcoin’s price outlook. Scaramucci’s projection that BTC could reach a gold-comparable $35T market cap reinforces long-term demand narratives (scarcity, financial-network utility) that support higher price targets. Institutional buys by Strategy and public disclosures of increased allocations by prominent investors increase on-chain and off-exchange demand, which can tighten supply and establish stronger support levels. Short-term, the reported wide price swings (from ~$126k to ~$60k, trading near ~$73k) signal elevated volatility and risk for traders; profit-taking, liquidations, or macro events could prompt sharp moves. However, the net effect on BTC itself is bullish because (1) large-scale accumulation by institutions tends to be price-supportive, (2) renewed public endorsements from influential figures can attract capital inflows, and (3) the long-term narrative of BTC as a scarce financial-network asset remains prominent. Traders should thus expect continued volatility but a tilted bias toward appreciation over the medium to long term, while managing risk for short-term pullbacks.