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Skybridge Capital’s founder predicts bitcoin could reach $150,000 with eased regulations, noting that the Trump administration’s approach could help depoliticize crypto policy.
Can Depoliticized US Policy Finally Push Bitcoin to $150,000?
Skybridge Capital founder Anthony Scaramucci shared insights into potential U.S. policy changes affecting bitcoin and cryptocurrency in an interview with Saxo. As an investor with major holdings in bitcoin (BTC) and solana (SOL), Scaramucci expressed optimism that the next U.S. administration could help “depoliticize” the regulatory landscape, a shift he believes would support growth across decentralized finance (defi) and blockchain industries.
Emphasizing his confidence in BTC’s long-term value if regulatory issues are resolved, he opined:
I feel like bitcoin should be $150,000 given the demand for bitcoin and given the properties that bitcoin has.
He noted that former U.S. Securities and Exchange Commission (SEC) Chair Jay Clayton and former Acting Comptroller of the Currency Brian Brooks are reportedly working on a “100-day plan” that could update stablecoin legislation and clarify distinctions between assets categorized as securities, tokens, or commodities. According to him, this initiative would be “incredibly favorable” to the cryptocurrency sector, helping to establish a more supportive environment for blockchain growth.
Scaramucci briefly served as White House communications director under President Trump, appointed in July 2017 and dismissed after 11 days. Ahead of this month’s presidential election, he endorsed Vice President Kamala Harris over Trump in the 2024 race. However, he recognized Trump’s favorable cryptocurrency policies and expressed willingness to help shape crypto regulations if given the opportunity.
The Skybridge founder further stated that U.S. politicized regulation has held back bitcoin’s price and expressed optimism that the Trump administration could depoliticize cryptocurrency regulations, which he believes would support market growth. However, he cautioned that Trump’s isolationist policies could harm the U.S. economy. Scaramucci said:
I think it’s [bitcoin] been suppressed by U.S. faulty politicized regulation and so this is one of the good things about the Trump administration they’re going to depoliticize the cryptocurrency regulations be very good for crypto.
While noting that new crypto-friendly policies by the Trump administration could benefit the market, actions such as NATO withdrawal or steep tariffs could undo these gains. “You don’t want them pulling out of NATO … You don’t want 500% tariffs,” he cautioned, warning: “All of those things would outweigh the benefits of the positive crypto regulation.”