Anthony Scaramucci and his son AJ have joined forces with the Trump family to invest $220 million in American Bitcoin, a move that has injected fresh optimism into the cryptocurrency market. This substantial investment highlights rising institutional involvement in cryptocurrencies, particularly as prices surge past $106,000. The investment’s timing coincides with growing institutional confidence and political ties associated with the Trump family. Scaramucci and AJ made this investment before American Bitcoin went public in September, positioning the company for a favorable market standing. Analysts anticipate that Bitcoin could reach $200,000 by year-end, driven by both institutional backing and anticipated shifts in financial markets.