Millionaire CEO Anthony Scaramucci Announced: "Bitcoin Will Become a Real Asset Class When It Reaches This Price"

SkyBridge Capital CEO Anthony Scaramucci stated that Bitcoin reaching 500 thousand dollars will ensure that cryptocurrencies are fully recognized as an asset class.

Scaramucci's bold statement made a splash during the panel discussion at the Consensus 2025 conference.

Scaramucci said, "A market value of three trillion dollars can be compared to the stocks of the largest companies, but a market of twenty trillion dollars is a real asset class" and added, "If you tell me Bitcoin can reach 500 thousand dollars, people will start writing that Bitcoin is an asset class."

On the panel, Scaramucci was joined by WisdomTree CEO Jonathan Steinberg and 3iQ President Pasqual St-Jean. The participants agreed that cryptocurrencies, particularly Bitcoin, are moving towards being recognized as an asset class. However, they pointed out that reaching this point would only be possible not just through price increases, but also through factors such as institutional adoption and regulatory clarity.

Scaramucci, who exhibits a rather optimistic stance, referred to Wall Street's aggressive approach in marketing crypto ETFs, the massive capital flowing into the sector, and the proliferation of following strategies by saying, "Perhaps we are not optimistic enough."

Scaramucci also noted that cryptocurrency is becoming an increasingly debated topic in U.S. politics, yet he expressed that there are strong incentives for bipartisan support. "If Bitcoin reaches 500 thousand dollars, people will not only say that it is an asset class, but they will behave accordingly," he said.