In an interview - Youtube with Coinage, the Wall Street veteran struck a bullish tone long-term:
“I believe Bitcoin will probably reach $500,000 within the next five or six years.”
At the same time, he cautioned against assuming a smooth ride:
“Could there be a 40% correction along the way? Absolutely. Investors need to be prepared for that.”
Scaramucci’s Long-Term Bullish Case
Scaramucci has been a vocal Bitcoin advocate for years. In January, he released The Little Book of Bitcoin: What You Need to Know that Wall Street Has Already Figured Out, aimed at newcomers to the asset class.
He argues that in 2025, Bitcoin is still in the early stages of adoption. According to him, underestimating BTC’s long-term potential is “the biggest mistake an investor can make today.”
His advice: don’t let short-term volatility shake you out.
“If you own a great asset—and I believe Bitcoin is a great asset—then hold on to it.”
Lessons From Past Mistakes
Reflecting on his 37-year Wall Street career, Scaramucci admitted selling stocks of Apple, Amazon, Microsoft, and Nvidia far too early. He suggests investors learn from those missteps rather than repeat them with Bitcoin.
“I’ve sold too soon before. Bitcoin is not the asset you want to repeat that mistake with.”
Strategy Founder Michael Saylor Connection
Notably, Michael Saylor, founder of Strategy (formerly MicroStrategy), co-authored Scaramucci’s Bitcoin book. Saylor recently issued an even more ambitious forecast for BTC’s long-term price trajectory—one that stretches far beyond 2045.