yearend

Scaramucci Keeps $200,000 Bitcoin Year-End Target Alive

Despite the robust downward movement in price, many analysts are still optimistic about Bitcoin’s potential in the short term, predicting a move to new all-time highs. Anthony Scaramucci, founder of SkyBridge Capital and a long-time Bitcoin advocate, has reignited bullish hopes as he recalled his end-of-year BTC prediction.

During an interview on CBNC posted by Altcoin Daily on the X platform, Anthony Scaramucci maintains that BTC is on track to reach between $180,000 and $200,000 by year-end. The founder’s prediction is backed by tightening supply dynamics, boosting institutional adoption, and growing global recognition of Bitcoin as a hedge asset.

According to Scamaracci, Bitcoin remains bullish in any scenario, expressing his hopes that United States President Donald Trump will pick the mama bear fed. His belief reflects an increasing number of well-known investors who think that Bitcoin’s next leg higher could be much more explosive than prior cycles.

When asked about the base and most bullish case for BTC, Scaramucci started by highlighting the current state of the market. “I think what is happening now is lots of consolidation and institutional adoption,” he stated.

Years ago, BTC’s price action was mostly driven by retail adoption and CEOs working in the layer 1 blockchain space. However, this trend has started to shift towards the institutional level over time, as large corporations accumulate the crypto king at a substantial rate.

A Transition Of BTC Ownership Ongoing In The Market

The founder has pointed to the robust performance of BlackRock’s Bitcoin Spot ETF, the IBIT, which has attracted a wide range of retail and institutional investors. While institutional adoption is increasing, Bitcoin whales continue to offload their holdings.

Scaramucci considers this pattern a crucial development, declaring it a shift in ownership. “I just think it is a function of buying in only 450 Bitcoin being made by the network per day,” he added. During this shift in ownership, the founder noted that demand for the flagship asset has surpassed issued supply or the overall available supply of BTC in the market.

Considering these developments, the founder is confident that BTC still has room for more growth, potentially reaching his bullish target between $180,000 and $200,000 this year. This bold prediction suggests the current pullback is likely a healthy correction before another explosive move.

Even though many other companies and analysts foresee a much higher target for Bitcoin by this year’s end, Scaramucci remains firm with his prediction, calling it a cautious price target.

BTC trading at $113,707 on the 1D chart | Source: BTCUSDT on Tradingview.com

Featured image from Pixabay, chart from Tradingview.com

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On Aug. 18, 2025, ETF and mutual fund manager VanEck released a new report studying Bitcoin price trends between mid-July and mid-August. VanEck analyst Nathan Frankovitz and Head of Digital Assets Research Matthew Sigel predict that BTC will reach $180,000 by the end of the year, while noting discrepancies in Bitcoin mining companies’ market performance and declining mNAV of Digital Asset Treasuries.

Summary

VanEck report suggests that Bitcoin price will reach $180,000 by the end of 2025.
The report attributes the decline in Bitcoin treasury companies’ mNAV to lower Bitcoin volatility and claims mNAV will continue to drop in the future.
The U.S. dominance in Bitcoin mining reaches a record high at 31%.
Bitcoin ordinals minting doubles if compared to 2024, while Bitcoin Core is removing the arbitrary data limit from the block, clearing the way for more ordinals.

30-day market trends

On Aug. 13, 2025, Bitcoin reached a new record-breaking price. While it was only several hundred dollars above July’s peak price, VanEck notes that the signals coming from the Bitcoin futures markets were more bullish. The CME basis funding rates reached 9%, the highest figure in six months.

The options market saw a notable increase in the call/put ratio, which reached 3.21x, signaling the growing demand for BTC. According to VanEck, 3.21x is the highest call/put rate since June 2024. Call premiums reached $792 million, which is a 37% rise compared to the previous 30-day period.

One of the factors shaping the uptrend was growing demand from corporations. According to VanEck, in July, Exchange-traded products (mostly ETFs) and DATs acquired 54,000 BTC and 72,000 BTC, respectively. In the three months of 2025 Q2, DATs purchased only 131,355 BTC, which indicates July’s increase in buying pressure coming from digital asset treasuries.

For the same crypto asset, which would you rather own?

— VanEck (@vaneck_us) August 13, 2025

VanEck named Ethereum’s popularity spike as the main reason for the decline in Bitcoin’s market dominance from 64.5% to 59.7%. Bitcoin network transactions reached 12.9 million, which is the highest rate since November 2024. Median fees dropped by 13%.

The graph attached to the VanEck report showcases a spike in total transfer volume. It reached $77,727,657,201, making a 34% increase compared to the previous 30-day period or a 60% change over 365 days.

Bitcoin mining

In August, mining hashrate reached a record-high rate of 902 EH/s. The revenue per EH/s is $59,400, the highest in eight months. The volume of BTC sent by miners to exchanges has nearly doubled since August 2024, but grew only 16% compared to mid-July of this year.

As for mining companies’ equities, the results are split. Applied Digital Corporation’s equity (APLD) is up 54%, Bitfarms (BITF) is up 16%, while most of their competitors saw growth below 10% or dropped in price. VanEck names a 22% drop in Cipher Mining Inc.’s stock (CIFR) price and a 4% decline in the 13-mining-company index tracked by the report authors. In August, U.S.-based mining operations reached a record share of 31%.

Bitcoin treasuries

VanEck evaluated the amount of Bitcoin held on public treasury companies’ balance sheets at 951,000. The authors of the report point to the decline in DATs’ stock performance. They point out that in July, the mNAVs of these companies have been going down.

Saylor once said he’d never issue below 2.5x mNAV.

Now, he’s changed course.

He’s signaling a willingness to sell $MSTR even under that threshold.

A real risk of dilution is now on the table.

— Oz Sultan (@OzForNY) August 19, 2025

It means that for these companies, the share of net asset value declines relative to their liabilities. VanEck gives three examples: mNAVs are down for MSTR (-16%), for MTPLF (-62%), and for SMLR (-12%). As Bitcoin volatility settles, it becomes harder for DATs to issue convertible debt to acquire more BTC.

Bitcoin ordinals spike

Another notable trend is the 43% 30-day growth of ordinals minted on the Bitcoin blockchain. The total amount of ordinals minted in 30 days amounts to 109,779. Compared to August of 2024, this amount has grown by 120%.

This surge in minting Bitcoin blockchain-based images and other non-monetary data reflects the ongoing debate over the idea of removing the 83-byte-per-block limit for arbitrary information. The implementation removing the limit will come into effect for Bitcoin Core nodes in October, allowing for more ordinals per block, which can possibly slow down monetary transactions.

Predictions

Looking at the near future, VanEck points to the possibility of a volatility spike, which in turn can amplify price swings via dealer hedging. VanEck expects a further decline in DATs’ mNAVs as they will have limited ability to raise capital due to a long period of low volatility. While the report authors provide both bearish and bullish scenarios, they claim that by year-end, Bitcoin will reach $180,000.

In December 2024, Matt Sigel was predicting that Bitcoin would reach $180,000 in the first quarter of 2025 before going through a 30% correction. In fact, the Q1 peak was well below $110,000. April saw a short-term 25% drop. Given that the current Bitcoin price is much higher than the December 2024 price, the $180,000 bet is considerably less bullish.

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Bitcoin’s Year-End Destination: SkyBridge Founder Stands By Bold Prediction, Here’s The Target