Scaramucci: Bitcoin $1M target backed by 21M supply and ETF momentum
Anthony Scaramucci from SkyBridge Capital dey argue say Bitcoin (BTC) fit reach $1 million for long term, say e base for fixed supply and money fundamentals. E talk say BTC “check every box” for money—scarce, durable, divisible and well accepted—e dey build trust without central authority and no single point wey fit fail.
For the math side, BTC capped for 21 million coins. If BTC hit $1 million, total market value go be about $21 trillion, wey Scaramucci see as structural tailwind as demand dey grow while supply remain static.
The article still point to accelerating institutional adoption. E highlight Wall Street involvement, like Morgan Stanley exposure to Bitcoin and Goldman Sachs wey file for Bitcoin ETF. Message to traders: ETF momentum and traditional finance positioning dey strengthen the long-term store-of-value narrative, though $1 million remain far-horizon scenario not near-term forecast.
No be investment advice.
Bullish
Di tori tok get positive spin for Bitcoin (BTC): e strong di long-term bullish case wey base on fixed issuance (21M supply) and di growing institutional access through products like Bitcoin ETF. Even though di $1M price na clearly far-horizon scenario, di mention say big Wall Street dey involved (Morgan Stanley exposure and Goldman Sachs file ETF) dey support di idea say demand go continue to build small-small.
Short-term, ETF-related headlines and di “institutional adoption” story fit improve sentiment and liquidity expectations, fit make volatility move up as traders try run front of adoption. Long-term, if real allocations shift to mainstream portfolio frameworks, BTC demand fit grow steady compared to im capped supply, wey traders normally see as structurally bullish.
So net impact on BTC price na bullish — no be say $1M don near, but because di catalysts wey dem describe (institutional ETF momentum and fixed-supply framing) align with bullish positioning.