Bitcoin Is The ‘Manhattan’ Of The Digital Age, Says Scaramucci–Here’s Why

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.