Bitcoin Is The ‘Manhattan’ Of The Digital Age, Says Scaramucci–Here’s Why

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.

Early Bitcoin Purchase Analogy

Scaramucci pointed out that Peter Minuit bought Manhattan Island for just 60 Dutch guilders, or about $24 at the time. Based on reports, land in Manhattan today costs millions.

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.

JUST IN: ANTHONY SCARAMUCCI COMPARES #BITCOIN AT $100K TO BUYING MANHATTAN IN 1690

“THIS IS DIGITAL PROPERTY. YOU EITHER SEE IT, OR YOU DON’T.” pic.twitter.com/DO4hHX1INV

— The Bitcoin Historian (@pete_rizzo_) July 10, 2025

Volatility And Early‑Adopter Risks

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.

According to market data, Bitcoin hit a record high of $118,200 today before slipping back to $111,120. Trading volume surged as that peak was reached. It’s a reminder that every rally brings its own tests.

While Scaramucci’s focus is on Bitcoin, he revealed his top alternative holding is Solana. Based on reports, he said SOL’s speed and low fees make it useful for more than just trading. That choice shows he’s betting some of his gains on other networks. Many investors follow a similar playbook: put most money in Bitcoin and a smaller share in projects that could grow faster.

Scaramucci didn’t shy away from risks beyond price swings. He mentioned that US regulators are still deciding how to treat crypto. Data shows that any new rules on exchanges or tokens could shake up the market. He also flagged the chance of a big sell‑off if economic worries spike again.

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