Bitcoin’s (CRYPTO: BTC) move toward a fresh high of $124,000 has brought renewed attention to comments from SkyBridge Capital CEO Anthony Scaramucci, who predicted on May 14 that the leading digital currency would be recognized as a fully established asset class once it reaches the $500,000 mark.
Bitcoin To Become A $20 Trillion Asset Class?
Scaramucci, speaking at CoinDesk’s Consensus 2025 conference, said, “$3 trillion is like a Mag 7 stock, $20 trillion is an asset class. So if you tell me that Bitcoin can get to $500,000, people will be writing stories that Bitcoin is an asset class.”
He emphasized the importance of Bitcoin matching the market …