Bitcoin Is The ‘Manhattan’ Of The Digital Age, Says Scaramucci–Here’s Why
2025-07-11 15:03:07
Main Idea
Anthony Scaramucci compares Bitcoin to Manhattan's early land purchase, suggesting significant future growth despite volatility, and highlights Solana as his top altcoin holding.
Key Points
1. Anthony Scaramucci likens buying Bitcoin now to Peter Minuit's purchase of Manhattan Island, implying potential long-term value despite short-term volatility.
2. Bitcoin has experienced 70%+ drops in past cycles but rebounded strongly, with Scaramucci predicting a price of $200,000 by year-end.
3. Scaramucci's top altcoin holding is Solana (SOL), citing its speed and low transaction costs as advantages.
4. Bitcoin's market is still maturing, with Scaramucci comparing its current stage to Manhattan in 1690 before major development.
5. Regulatory and economic risks remain, including potential sell-offs if economic conditions worsen.
Description
According to a recent interview, SkyBridge Capital founder Anthony Scaramucci drew a bold comparison between today’s Bitcoin market and a famous land deal from 1626. He said investors who buy BTC now will face big swings just like the first people who tried any new asset. In his view, those bumps in the road are part of getting in early on something big. Early Bitcoin Purchase Analogy Scaramucci pointed out that Peter Minuit bought Manhattan Island for just 60 Dutch guilders, or about $24 at the...
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