Scaramucci: “Bitcoin will catch up with gold’s market cap… expects 20-fold rise within 15 years”

Anthony Scaramucci, founder of SkyBridge Capital, offered an upbeat outlook that Bitcoin’s (BTC) market capitalization could grow over the next 15 years to roughly $35 trillion—on par with gold. He argued that advances in artificial intelligence (AI) technology and a generational shift will explosively drive long-term demand for Bitcoin.

On the 12th (local time), Scaramucci appeared on the PBD Podcast and said he has “recently increased” his Bitcoin holdings, adding that “Bitcoin is currently the largest position in my portfolio.”

He pointed to the rise of autonomous AI as a key growth driver for Bitcoin. “In the near future, AI will independently carry out economic activity,” Scaramucci said, predicting that “AI systems that cannot open traditional bank accounts will ultimately adopt blockchain and Bitcoin as a means of transaction.”

He also cited eroding trust in the traditional fiat-currency system as a factor boosting Bitcoin’s value. “People are losing faith in fiat currencies,” he said, assessing that “Bitcoin, with a strictly capped total supply, will establish itself as a powerful store of value and medium of exchange.”

He added, “In 10 to 20 years, when younger generations—around the same age as my children now—begin directly managing Wall Street’s vast pools of capital, Bitcoin will become a mainstream asset on a massive scale.”

Based on this, he projected that Bitcoin’s market capitalization, currently around $1.5 trillion, will over the long term grow to roughly $35 trillion, gold’s market cap. “I’m convinced Bitcoin can grow about 20 times from where it is today and catch up to gold’s market size,” Scaramucci said, while noting, “That won’t happen overnight. It will take about 15 years to reach the target.”