Bitcoin Is the ‘Manhattan’ of the Digital Age, Says Scaramucci—Here’s Why

Summary: In a recent interview, SkyBridge Capital founder Anthony Scaramucci likened Bitcoin’s value today to the groundbreaking purchase of Manhattan in 1626. He believes current investors are getting in early on transformative digital property, despite the volatility involved.

Bitcoin Compared to Historic Manhattan Deal

Anthony Scaramucci drew parallels between Bitcoin and one of the most famous deals in real estate history. Referencing Peter Minuit’s 1626 purchase of Manhattan Island for 60 Dutch guilders—roughly $24 at the time—Scaramucci argued that Bitcoin today may be similarly undervalued, even at over $100,000 per coin.

“This is digital property. You either see it, or you don’t,” Scaramucci said, underlining his confidence in Bitcoin’s long-term potential and likening its growth to the meteoric rise in Manhattan’s land value over centuries.

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 as the Price of Early Adoption

Scaramucci acknowledged Bitcoin’s notorious volatility. The cryptocurrency has historically seen price drops of over 70%, only to rally back stronger. He emphasized that such disruptions are part of early adoption of a frontier technology, comparing it to the challenges faced by initial users of any groundbreaking asset.

“If you’re not emotionally prepared for sharp pullbacks, you’re not going to make it to the next surge,” he cautioned. Despite this, he remains optimistic about Bitcoin’s growth trajectory.

Bitcoin Price Update

Bitcoin reached a new all-time high of $118,200 before retreating to $111,120. Trading volume surged during the price peak, reflecting intensified market activity and highlighting the kind of fluctuations Scaramucci described.

Scaramucci’s Altcoin Pick: Solana

While Bitcoin remains his primary holding, Scaramucci also revealed that Solana (SOL) is his top altcoin investment. He praised the blockchain’s speed and low fees, suggesting it has long-term utility beyond cryptocurrency trading. This diversified approach is common among investors aiming to balance Bitcoin exposure with the growth potential of emerging networks.

Regulatory Risks and Market Uncertainty

Scaramucci cautioned that regulation remains a major wildcard. U.S. policies regarding crypto exchanges and securities classifications could reshape the market significantly. Additionally, macroeconomic uncertainty—such as inflation or recession fears—could trigger broader sell-offs, impacting digital assets.

Outlook: Bitcoin’s Growth Still in Early Stages

Positioning Bitcoin as the digital counterpart of undeveloped 17th-century Manhattan, Scaramucci believes the asset is still in its earliest growth phase. He forecast a price target of $200,000 by the end of the year, representing over 80% upside from current levels—a prediction rooted in his belief in wider crypto adoption among institutions and individuals.

Featured image from Unsplash, chart from TradingView