Crypto continues to dominate the financial landscape as Anthony Scaramucci, founder of SkyBridge Capital and former White House communications director, predicts that Bitcoin will soar to $200,000 by 2025. In a recent interview with Saxo Bank, he expressed his confidence in Bitcoin’s potential, projecting its market cap to grow to $4 trillion. He believes that for Bitcoin to establish itself as a legitimate asset class, it would need to trade within the $15-$20 trillion range.
ETF Success Fuels Optimism
Scaramucci’s positive outlook is supported by the strong performance of his First Trust SkyBridge Crypto Industry & Digital Economy ETF (CRPT), which delivered a 74% return in 2024. This success was attributed to strategic investments in digital ecosystem companies like MicroStrategy and Coinbase, reflecting his confidence in the sector’s future.
Criticism for Trump’s Meme Coin
During the interview, Scaramucci sharply criticized former President Donald Trump for launching a meme coin, blaming him for hindering positive digital asset regulation. He called Trump “a grifter” and described his actions as “a national embarrassment.” According to Scaramucci, Trump’s involvement contributed to the rise of speculative tokens, complicating the regulatory landscape.
Optimism for Digital Assets and AI
Looking forward, Scaramucci remains optimistic about the future of both digital assets and artificial intelligence. He compared the current market environment to the early days of the internet, suggesting that long-term holders could see substantial gains. His investment strategy includes significant positions in Bitcoin, Solana, Avalanche, and Polkadot, as well as stakes in AI companies like Nvidia.
Scaramucci’s predictions and investment choices highlight his continued belief in the growth potential of digital assets, especially as institutional interest continues to rise.
U.S. Bitcoin Reserve and Regulatory Framework Expected
As the U.S. moves towards building a strategic Bitcoin reserve, Scaramucci expects a regulatory framework to be established by the end of the year. This, he believes, could further propel Bitcoin’s value, reinforcing his prediction of a $200,000 price target by 2025.
Strategy Plans to Raise $2 Billion Through Convertible Notes for Additional Bitcoin Acquisitions.
$2 Billion Convertible Notes to Fuel Bitcoin Accumulation
Strategy, formerly known as MicroStrategy, has announced plans to raise $2 billion through 0% senior convertible notes to expand its Bitcoin portfolio. According to a statement on February 18, the business intelligence and Bitcoin acquisition firm will also allow initial note buyers to purchase an additional $300 million worth of notes within five business days of issuance.
The net proceeds from the offering will primarily be used to acquire more Bitcoin, with a portion allocated for general working capital. This move aligns with Strategy’s ambitious 21/21 Plan, which aims to raise $42 billion over three years through a mix of equity and fixed-income securities to strengthen its Bitcoin holdings.
Largest Corporate Holder of Bitcoin Globally
Spearheaded by Michael Saylor, the company’s executive chairman and co-founder, the plan has already secured over half of the targeted capital since its launch on October 30. Strategy’s aggressive Bitcoin accumulation has made it the largest corporate holder of Bitcoin globally, with approximately 478,740 BTC.
The newly proposed convertible notes are set to mature on March 1, 2030, unless repurchased, redeemed, or converted earlier. Despite its bold expansion strategy, the company reported a $670.8 million net loss in Q4, even as Bitcoin’s price surged.
Strategy Announces Proposed Private Offering of $2.0B of Convertible Senior Notes. $MSTR https://t.co/EBOMdLlgdq
— Michael Saylor⚡️ (@saylor) February 18, 2025
State-Level Crypto Investments on the Rise
The announcement comes as several U.S. states explore crypto investments. Last week, West Virginia State Senator Chris Rose introduced the Inflation Protection Act of 2025, allowing state treasury investments in digital assets and precious metals. This follows former President Donald Trump’s commissioning of a federal digital asset reserve working group in January.
Utah and Kentucky have also made strides in crypto investments. Utah’s House of Representatives passed a bill permitting state treasury investments in Bitcoin, select altcoins, and stablecoins. Meanwhile, Kentucky proposed allowing up to 10% of state funds to be invested in digital assets.
Growing Institutional Adoption of Bitcoin
As state-level interest in cryptocurrency grows, Strategy has attracted investments from a dozen U.S. states, with state pension funds and treasuries collectively holding $330 million worth of its stock. The California State Teachers Retirement System fund holds the largest stake, with 285,785 shares valued at approximately $83 million.
Strategy’s bold fundraising and state-level crypto initiatives highlight the growing acceptance of digital assets, reinforcing Bitcoin’s role in institutional portfolios.
Bitcoin advocate Howard Lutnick confirmed as U.S. commerce secretary by Senate
Pro-Crypto Stance Marks New Era for Commerce Department
Washington, February 19, 2025 – The U.S. Senate has confirmed Howard Lutnick as the 41st Secretary of Commerce, placing a strong proponent of cryptocurrency at the helm of American trade and economic policy. Lutnick, former CEO of Cantor Fitzgerald, was approved with a 51-45 vote on February 18, as reported by The New York Times.
Bullish on Bitcoin and Tether
Lutnick is known for his bullish stance on Bitcoin and Tether, viewing Bitcoin as a global asset comparable to gold. At the Bitcoin Conference 2024, he defended Tether’s USDT reserves, assuring that they were fully backed by gold, Bitcoin, and U.S. Treasuries. He also dismissed concerns about stablecoins’ involvement in illegal funding during his Senate confirmation hearing.
Potential Impact on U.S. Crypto Regulation
His confirmation comes at a pivotal moment, as the Securities and Exchange Commission (SEC) is reviewing applications for Ethereum staking ETFs. Analysts believe Lutnick’s influence could potentially shift the Commerce Department’s stance on digital assets, paving the way for more favorable crypto regulations.
Driving Trump’s Trade Agenda
Beyond his crypto advocacy, Lutnick is set to play a critical role in advancing former President Donald Trump’s assertive trade policies. He has supported Trump’s call for higher tariffs to protect American businesses, countering arguments that tariffs lead to inflation by calling them “nonsense.” His pro-tariff stance aligns with Trump’s protectionist agenda but may exacerbate tensions with international trading partners.
New Leadership for the Commerce Department
To comply with federal ethics regulations, Lutnick resigned from Cantor Fitzgerald, which has strengthened its ties to the cryptocurrency industry by offering custody services to Tether. As Commerce Secretary, he will oversee a department of more than 50,000 employees, managing trade policies, technological exports, and economic regulations.
Implications for Crypto and Trade Relations
Lutnick’s confirmation is seen as a win for crypto enthusiasts and Trump’s economic objectives, though his pro-tariff stance could prompt complex trade negotiations. His leadership could shape the future of digital assets and redefine U.S. trade policies on a global scale.