Former hedge fund manager and SkyBridge Capital founder Anthony Scaramucci has undergone a significant transformation in his stance on Bitcoin. After years of skepticism, he’s now openly embracing the cryptocurrency as a major technological advancement. This shift reflects growing institutional interest in Bitcoin, potentially driving market demand and price forecasts. Scaramucci recently admitted to his previous doubts about Bitcoin, acknowledging that its potential has been overlooked in the past. His change of heart is fueled by extensive research and engagement within the industry. Scaramucci now recommends a cautious but informed approach to Bitcoin, urging individuals to remain skeptical while conducting thorough research. He predicts a potential surge in Bitcoin price to reach $500,000 within five to six years, though acknowledging that there could be significant value drops along the way. Scaramucci’s optimism reflects wider acceptance of blockchain technology and its potential impact on financial systems. His prediction is already resonating among investors, driving further adoption of cryptocurrency into mainstream financial frameworks. Scaramucci’s bold forecast underscores his belief in Bitcoin’s long-term growth and aligns with historical trends of increased investment following significant price correction periods. He even predicts a year-end target price range of $180,000–$200,000 for Bitcoin.