COINOTAG News (Aug. 20) reported SkyBridge Capital founder Anthony Scaramucci reiterated a year-end target of $180,000–$200,000 for the Bitcoin price following the recent market correction, highlighting sustained institutional engagement with the digital asset.
He characterized the current phase as one of consolidation, noting that some large holders are trimming positions even as growing institutional demand and limited supply dynamics underpin medium-term market structure.
Scaramucci and SkyBridge disclose significant Bitcoin holdings and have previously positioned crypto allocations as a potential hedge versus US fiscal policy risks; investors are advised to emphasize disciplined allocations and rigorous risk management.