Skybridge Capital Founder: Holds a large amount of Bitcoin, insists on the year-end Bitcoin target of $180,000 - $200,000.

On August 20, Anthony Scaramucci, the founder and CEO of SkyBridge Capital, reiterated on Tuesday that despite the recent market pullback, he still maintains his year-end price target for Bitcoin between $180,000 and $200,000. In an interview with CNBC, Anthony discussed the current state of the Bitcoin market: "I think the market is experiencing a lot of consolidation right now, while institutions are continuously entering. If you attended similar conferences three years ago, most attendees were retail investors and some CEOs of Layer 1 blockchains. Today, more attendees are institutional investors." He said. Some large investors are selling their Bitcoins, leading to some market consolidation. However, he remains optimistic about Bitcoin in the medium term, citing that demand exceeds supply. Anthony himself, along with his firm SkyBridge, holds a "large amount of Bitcoin." Previously, he stated that 70% of his wealth is tied to Bitcoin. In May of this year, he predicted that once the price of Bitcoin reaches $500,000, it will be recognized as a complete asset class, similar to gold. He also pointed out that the price movement of Bitcoin is driven by limited supply and institutional allocation demand, the latter seeking to hedge against the risks of U.S. fiscal policy.