According to a recent interview, Anthony Scaramucci, founder of Skybridge Capital, painted a bold comparison between today’s Bitcoin market and famous land transactions since 1626.
He said investors who bought BTC would face a major shaking, like the first people to try new assets. In his view, those bumps on the road are part of getting into something big early.
Early Bitcoin purchase analogy
Scaramucci noted that Peter Minuit bought Manhattan Island from just 60 Dutch guilders, or that he bought about $24 at the time. Based on the report, Manhattan land costs millions today.
He claimed that using that gap would make it feel like a bargain to buy 1 BTC for around $111,000. Minut’s trading has grown into one of the most valuable real estate markets in the world. He believes Bitcoin can follow a similar path.
Just: Anthony Scaramucci comparison #bitcoin $100,000 to buy Manhattan in 1690
“This is a digital property. You either see it or don’t.” 🔥 pic.twitter.com/do4hhx1inv
– Bitcoin Historian (@pete_rizzo_) July 10, 2025
Volatility and the risk of initial approval
Bitcoin investors know that sharp price fluctuations can occur at any time. The cryptocurrency at the top fell more than 70% in past cycles, but later rebounded. Scaramucci said that such a ride was something the pioneer signed up for.
He warned that anyone who can’t handle the sudden drop might bail out before the next rally. At the same time, those staying could see great benefits.
Image: Benny Marty/Shutterstock.com
Bitcoin has returned to $111,120 today after hitting a record high of $118,200, according to market data. Once that peaked, trading volumes skyrocketed. It reminds us that every rallies brings a unique test.
Altcoin Spotlight in Solana
Scaramucci’s focus is on Bitcoin, but he revealed that his top alternative holdings are Solana. Based on the report, he said Sol’s speed and low fees would help more than just a transaction. That choice shows that he is betting some of his profits in other networks. Many investors follow similar playbooks. Put most of your money into Bitcoin and less distribution on projects that could grow faster.
Regulatory and market challenges lie ahead
Scaramucci did not avoid risk beyond price fluctuations. He said US regulators are still deciding on how to treat the code. Data shows that new rules regarding exchanges or tokens could shake the market. He also flagged a big sell-off chance if financial worries surge again.
The Bitcoin market is still mature
He claimed that Bitcoin is still in its early stages. By comparing it to Manhattan in 1690, we want to show that before the tall buildings exist, Scaramucci has room for growth.
https://www.youtube.com/watch?v=duqehkxazvc
He forecasts a BTC price of $200,000 a year ago. These numbers suggest that he is at least seeing 80% jumps from his current level. Whether that happens depends on what more businesses and people are using over time.
Unsplash featured images, TradingView charts
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