Unpredictable forecasts but no regrets: Why do institutional giants still favor Bitcoin at $89,000

At the Davos Forum in Switzerland, SkyBridge Capital founder Anthony Scaramucci shared his latest outlook on Bitcoin. Although the current Bitcoin price is around $89,000, well below his previously predicted target, he remains steadfast in his view that the fundamentals have not changed and hopes the price can return to the $125,000 to $150,000 range. Behind this statement, it reflects how institutional investors maintain strategic resolve amid price fluctuations.

The Huge Gap Between Price Expectations and the Current Situation

From the data, Scaramucci’s forecast clearly faces a “reality check.” He predicted at the beginning of last year that Bitcoin would reach $170,000 by the end of 2025, which did not materialize. Now he has adjusted his target to $125,000–$150,000, but the current price still has 31%-69% room to rise. This shift from high expectations to reality is something many institutional investors experienced in 2025.

The Core Logic: “Timing Issue” Rather Than “Direction Issue”

Scaramucci’s statement is very important: this is more about timing than direction. He believes Bitcoin’s fundamentals remain unchanged, and what the market is experiencing is a period of consolidation. This judgment reflects an important investment philosophy—distinguishing between price volatility and fundamental changes.

Why Emphasize That Fundamentals Have Not Changed

According to recent information, Scaramucci also promoted the tokenization potential of blockchain networks like Solana at the Davos Forum, believing it can eliminate over 75% of traditional financial transaction frictions. This indicates his long-term outlook on the crypto ecosystem remains consistent, and Bitcoin’s fundamental position as a crypto asset has not been shaken by the price correction.

Characteristics of Market Consolidation

Recent Bitcoin price movements show:

• 24-hour decline of 3.98%
• 7-day decline of 6.62%
• 30-day nearly flat (down 0.13%)

This pattern of short-term volatility coupled with medium-term consolidation is exactly what Scaramucci referred to as “the market experiencing significant consolidation.” Rather than a collapse, it’s more like oscillating within a range.

Cautiously Optimistic Institutional Investors

Scaramucci used the phrase “cautiously optimistic” and said, “I think this year will be pretty good.” This is not blind bullishness but an acknowledgment of price uncertainty combined with a commitment to the long-term direction. He even humorously said, “Bitcoin is like that—how it goes up is how it goes up,” implying the difficulty of short-term predictions.

This attitude offers insight for ordinary investors: large institutions cannot predict prices precisely, but they believe the direction is correct. From this perspective, although Scaramucci’s 2025 forecast missed the mark, it does not change his long-term view of Bitcoin’s value.

Summary

The core of Scaramucci’s latest statement is: the price has come down, but the story is still ongoing. Bitcoin at $89,000 is still below his desired $125,000–$150,000, but for him, this is an opportunity rather than a risk signal. He interprets the current pullback as market consolidation, not a breakdown of fundamentals.

Whether this logic is correct will be tested by subsequent market movements. But at least from the institutional investor’s perspective, the “timing issue” of Bitcoin is more worth paying attention to than the “direction issue.” The key is whether, during this consolidation phase, the price can find support and prepare for the next upward move.