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SkyBridge Capital founder Anthony Scaramucci has predicted that the flagship cryptocurrency could eventually reach a market capitalization of $21 trillion.
Scaramucci laid out a thesis for a $1 million per-coin valuation, arguing that Bitcoin has evolved into a globally trusted, institutional-grade store of value.
Scaramucci pointed to recent moves by major Wall Street firms, including Morgan Stanley’s official entry into the space. He said Bitcoin is rapidly transitioning from a speculative asset to a standard allocation in “model portfolios for individuals and institutions worldwide.”
Scaramucci’s valuation framework is based on Bitcoin’s fixed supply. He noted that the network’s software limits issuance to only 21 million Bitcoins.
Under that cap, a $1 million valuation per coin would imply a total market capitalization of $21 trillion.
Scaramucci said that even at a $21 trillion valuation, Bitcoin’s market cap would remain below the total estimated value of all the gold in the world. He argued, however, that Bitcoin offers distinct operational advantages over precious metals, describing it as significantly “faster to move and easier to store.”
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