Anthony Scaramucci, founder of SkyBridge Capital and former White House communications director, has made a bold prediction about the long-term value of Bitcoin. He believes that, with its fixed supply, growing institutional footprint, and a monetary trust system established over 16 years without any central authority, Bitcoin's market capitalization has the potential to reach $21 trillion. If this target is achieved, based on the maximum supply of 21 million coins, the price per Bitcoin would hit $1 million.
Scaramucci pointed out that Bitcoin already possesses all the characteristics that define money in human history. Its advantages lie in its decentralized trust model, fixed supply, and the trust it has gained from retail and institutional investors after long-term operation. He views the $21 trillion market cap as an upper limit, a figure still below the current total gold market cap of approximately $33 trillion, but Bitcoin holds structural advantages in transferability and storage convenience.
Institutional capital inflows are a key factor in driving Bitcoin's price towards the $1 million target. Scaramucci emphasized that a structural shift is already underway. Morgan Stanley launched its own spot Bitcoin ETF (ticker: MSBT) on April 8, 2026, becoming the first major U.S. commercial bank to directly issue such a product; Goldman Sachs has also filed documents with the SEC to prepare for the launch of its spot Bitcoin ETF. Whether Bitcoin ultimately reaches a unit price of $1 million essentially depends on the pace and sustainability of institutional adoption.