'$500K Bitcoin Would Seal It': Scaramucci Says Crypto Is on the Cusp of Becoming an Asset Class

"Three trillion is like a mag 7 stock, 20 trillion is an asset class,” said Anthony Scaramucci, founder and CEO of SkyBridge Capital. “So if you tell me that bitcoin can get to $500,000, people will be writing stories that bitcoin is an asset class.”That provocative benchmark from Scaramucci set the tone for a spirited conversation at CoinDesk’s Consensus 2025 conference, where he joined Jonathan Steinberg, CEO of WisdomTree; Pasqual St-Jean, President and CEO of 3iQ; and Andy Baehr of CoinDesk Indices to discuss whether crypto, particularly bitcoin BTC, has finally become a bona fide asset class.While panelists largely agreed that crypto is getting there, they emphasized that the path to institutional validation requires more than just price appreciation source: https://www.coindesk.com/consensus-toronto-2025-coverage/2025/05/14/usd500k-bitcoin-would-seal-it-scaramucci-says-crypto-is-on-the-cusp-of-becoming-an-asset-class-for-tradfi