SkyBridge's Anthony Scaramucci: We maintain our $180-$200K bitcoin price target

Market Trends & Institutional Adoption - Bitcoin markets have experienced volatility, but are currently undergoing consolidation and increased institutional adoption [1][2] - The shift from primarily retail investors and layer 1 blockchain CEOs to more institutional investors is significant [1][2] - BlackRock's IBIT ETF demonstrates substantial institutional investment [2] Supply & Demand Dynamics - Demand for Bitcoin significantly outweighs the issued supply [3] - Only 450 Bitcoins are produced by the network per day, further constraining supply [4] Price Target & Market Outlook - The firm maintains a Bitcoin price target between $180,000 and $200,000 by year-end, considered a cautious estimate [3] - Some market participants have even higher price expectations [3][4] Ownership Consolidation - Some large Bitcoin holders ("whales") have been selling, leading to a change of ownership [2] - Michael Novogratz sold 80,000 Bitcoins last month [2]