'$500K Bitcoin Would Confirm It': Scaramucci Claims Crypto Is Near Becoming an Asset Class
During Consensus 2025, prominent asset managers suggest that Bitcoin's value reaching $500,000 will solidify its status as a legitimate asset class, though institutional recognition still depends on infrastructure and education.
Overview
During the Consensus 2025 conference, top asset managers discussed the potential for Bitcoin to be acknowledged as a legitimate asset class, particularly if its price reaches $500,000.
Key Points
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Anthony Scaramucci posited that a $500,000 Bitcoin price would confirm its status as a legitimate asset class, asserting, “Three trillion is like a mag 7 stock, 20 trillion is an asset class.”
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Panelists cited the introduction of Bitcoin ETFs, regulatory developments, and enhanced institutional understanding as critical factors in mainstream crypto acceptance.
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Despite Bitcoin’s clear lead, experts urged a broader focus on blockchain technology and its potential beyond Bitcoin.
Bitcoin’s Market Position
Scaramucci noted that Bitcoin is positioned to clear institutional hurdles similar to traditional assets and could be compared to ‘digital gold’.
Institutional Adoption
The panel acknowledges that numerous factors, including regulatory clarity and institutional products, will influence crypto’s future acceptance.
Ultimately, panelists are optimistic that with continued infrastructural growth, regulatory clarity, and diversified index products, Bitcoin could become a recognized asset class, shifting the focus from “if” this will happen to “when.”
