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.
He used that gap to argue that buying 1 BTC around $111,000 feels like a bargain. Minuit’s deal grew into one of the world’s most valuable real estate markets. Bitcoin, he believes, could follow a similar path.
Investors in Bitcoin know sharp price swings can happen at any moment. The top crypto asset has plunged 70% or more in past cycles, only to rebound later. Scaramucci said that kind of ride is what pioneers signed up for.
He warned that anyone who can’t handle sudden drops might bail out before the next rally. At the same time, those who stay could see big gains.
He argued that Bitcoin is still in its infancy. By comparing it to Manhattan in 1690—before any tall buildings existed—Scaramucci wants to show there’s room to grow.
He forecast a BTC price of $200,000 before year‑end. Those numbers suggest he sees at least an 80% jump from current levels. Whether that happens will depend on more firms and people using crypto over time.
Featured image from Unsplash, chart from TradingView
