Bitcoin’s autumn wobble meets an enterprise tokenization push. With Bitcoin hovering around 112k, the conversation is shifting from price ticks to plumbing: how institutions will tokenize assets at scale, and which chains win. That’s why the latest remarks matter. On one hand, crypto’s seasonality is asserting itself. On the other, corporate adoption—citing BlackRock, Visa, and JPMorgan—continues to validate the multi-chain future, with Avalanche’s “subnets” model emerging as a differentiator. SkyBridge’s ongoing conviction frames the market’s near-term chop against a long-term demand story powered by ETFs, digital treasuries, and enterprise pilots.
Quick Summary
– Bitcoin trading near 112,000–113,000
– SkyBridge keeps a year-end Bitcoin target of $150,000
– Recent pullback of about 3–4% characterized as typical volatility
– September flagged as the historically weakest month over Bitcoin’s 15-year history
– Potential downside scenarios acknowledged: 100k, 90k, 80k, even 75k
– Prior initial purchase cited around $20,000 in 2020
– New advisory role: lead adviser to Avax One; focus on maximizing ownership of AVAX
– Discussion points to a Nasdaq listing tied to the rebranded “Avax” name
– Avalanche positioned as a “Swiss Army knife” Layer-1 via customizable “subnets”
– Institutional interest referenced: BlackRock, Visa, and JPMorgan exploring tokenization
What stands out is the coexistence of two truths. First, crypto’s macro rhythm hasn’t changed: September tax-selling and post-rally digestion still sting. Second, the structural bid is stronger: ETF inflows, treasury allocations, and enterprise tokenization pilots are expanding the market’s surface area. That’s the crux behind maintaining a bold $150,000 year-end Bitcoin target while conceding that dips below 100k are possible in a volatile tape.
On infrastructure, the thesis favors a multi-chain world where Solana, Ethereum, and Avalanche each occupy roles. Avalanche’s “subnets”—customized environments that let institutions imprint their own “digital fingerprint”—were highlighted as the feature drawing corporate CTOs. If the Avax One initiative and a related Nasdaq listing unfold as discussed, it would add public-market visibility to the tokenization narrative.
A governance aside surfaced too: whether a president’s family should be barred from building crypto businesses. The view expressed was libertarian—no blanket prohibition for family members, while acknowledging the presidency is different.
Topic sentiment and Overall tone
– Positive: 55%
– Neutral: 30%
– Negative: 15%
Top 5 Themes
1) Bitcoin seasonality and near-term volatility
2) Long-term demand via ETFs and digital asset treasuries
3) Multi-chain future: Solana, Ethereum, Avalanche
4) Avalanche subnets and enterprise tokenization (BlackRock, Visa, JPMorgan)
5) Governance/ethics: political families’ participation in crypto businesses
Bottom line: seasonal chop may test psychological levels like 100k—perhaps even 90k or 80k—without derailing the core thesis: ETF-driven demand, corporate treasuries experimenting with digital assets, and enterprise tokenization pilots expanding on multi-chain rails. Watch ETF flows, corporate announcements around Avalanche subnets, progress on the Avax One initiative and any Nasdaq-related developments, and how Bitcoin behaves around the highlighted support ranges as cues for allocation pacing into year-end.
Bitcoin at $112,000, Avalanche’s Rise, and the Crypto Gold Rush
Introduction: The Crypto Surge and a New Player in Town
Welcome back, listeners, to another deep dive into the ever-evolving world of technology and finance. Today, we’re zooming in on a headline that’s got everyone buzzing: Bitcoin has soared to $112,000, teetering on the edge of $113,000. But that’s not all. We’re also unpacking some fascinating developments in the blockchain space with Avalanche (AVAX), a layer-one technology gaining traction among giants like BlackRock and Visa. I had the chance to sit down with Anthony Scaramucci, founder of SkyBridge Capital and now lead advisor for Avax One, to get his take on these seismic shifts. So, buckle up as we explore Bitcoin’s wild ride, Avalanche’s growing influence, and what this “crypto gold rush” means for investors and the global economy.
Let’s set the stage. Bitcoin, the granddaddy of cryptocurrencies, continues to defy gravity despite a recent 3-4% dip. This pullback, as Scaramucci noted, aligns with historical September lows—a seasonal trend often tied to tax selling and profit-taking after big run-ups. Yet, SkyBridge remains bullish, sticking to a $150,000 price target by year-end. Meanwhile, Avalanche, a smaller but increasingly significant player in the blockchain arena, is carving out a niche with its customizable “subnets” feature, positioning itself as a “Swiss Army knife” for tokenization. With corporate heavyweights jumping on board, the crypto landscape feels more like a Wild West gold rush than ever before.
Market Impact: Bitcoin’s Volatility and Institutional Adoption
Let’s talk Bitcoin first. Hitting $112,000 is no small feat. To put this in historical context, rewind to October 2020, when Scaramucci first invested at around $20,000. Back then, critics dismissed Bitcoin as “internet magic money.” Fast forward five years, and we’ve seen a nearly sixfold increase, albeit with stomach-churning volatility. This latest dip? It’s par for the course. Bitcoin’s 15-year history shows consistent September slumps, often followed by strong rebounds in November and December. Scaramucci attributes the current churn to typical market dynamics—nothing more, nothing less.
But here’s what’s different this time: institutional demand. The introduction of Bitcoin ETFs has opened floodgates for mainstream investors. Digital asset treasuries are popping up, and buying pressure is stronger than in previous cycles. Globally, this signals a maturing market. Countries like El Salvador have adopted Bitcoin as legal tender, while others are exploring central bank digital currencies (CBDCs) on blockchain tech. However, volatility remains a hurdle. A drop below $100,000—or even to $75,000, as Scaramucci concedes is possible—could spook retail investors. Yet, he remains unshaken, citing unprecedented demand as a buffer against past cycle downturns.
Now, let’s zoom out. Bitcoin’s surge isn’t just a U.S. story. It’s a global phenomenon impacting economies from Asia to Europe. In inflationary environments, like those in Argentina or Turkey, Bitcoin is increasingly seen as a hedge against currency devaluation. But risks loom large—regulatory crackdowns in China or potential U.S. policy shifts could dampen enthusiasm overnight. For now, though, the momentum is undeniable.
Sector Analysis: Avalanche and the Multi-Chain Future
Shifting gears, let’s dive into Avalanche (AVAX) and its native token. While Bitcoin dominates headlines, layer-one technologies like Ethereum, Solana, and Avalanche are quietly shaping the future of finance through tokenization—the process of digitizing assets like stocks or real estate on a blockchain. Avalanche, with a smaller market cap compared to its peers, is punching above its weight. Its “subnets” allow for customized blockchain environments, making it a flexible choice for corporations. BlackRock, Visa, and even JP Morgan are experimenting with Avalanche for tokenizing funds and potentially stocks.
This is a game-changer. Tokenization could revolutionize how we trade and own assets, reducing friction and costs while increasing transparency. Imagine buying fractional shares of a skyscraper or trading art pieces seamlessly—all on a blockchain. Avalanche’s appeal lies in its adaptability, distinguishing it in a “multi-chain world,” as Scaramucci describes. Unlike a zero-sum game where one blockchain wins all, different chains will likely coexist, each serving unique needs.
For the fintech sector, this is a goldmine. Companies adopting blockchain tech could streamline operations and tap into new markets. But it’s not without challenges. Scalability, security, and regulatory clarity remain hurdles for widespread adoption. And for smaller players like Avalanche, competing with Ethereum’s first-mover advantage and Solana’s speed isn’t easy. Still, partnerships with giants like BlackRock signal confidence that could propel AVAX into the mainstream.
Investor Advice: Navigating the Crypto Wild West
So, what does this mean for you, the investor? Let’s break it down with some practical advice. First, on Bitcoin: if you’re already in, hold steady through this volatility. Historical trends suggest a potential rebound in Q4, and SkyBridge’s $150,000 target isn’t outlandish given institutional inflows. But don’t over-leverage—Bitcoin could dip below $100,000 before climbing again. If you’re new, consider dollar-cost averaging to mitigate risk. And always, only invest what you can afford to lose—this market is not for the faint-hearted.
For those intrigued by Avalanche, tread carefully. It’s a high-growth, high-risk play. Research its use cases and partnerships—BlackRock’s involvement is a strong vote of confidence, but smaller market caps mean sharper price swings. Diversify across layer-one tokens if you’re betting on tokenization’s future. Ethereum and Solana remain safer bets for now due to their established ecosystems.
Lastly, keep an eye on macro factors. Interest rate hikes, geopolitical tensions, and regulatory news can sway crypto markets overnight. Scaramucci’s optimism is grounded in demand, but external shocks could test even the staunchest bulls. Stay informed, and consider ETFs for exposure without the hassle of managing wallets.
Conclusion: A Gold Rush with High Stakes
As we wrap up, let’s reflect on this crypto gold rush. Bitcoin at $112,000 is a testament to its staying power, a far cry from the skepticism of 2020. Avalanche, meanwhile, represents the next frontier—blockchain’s potential to transform finance beyond just currency. But with great opportunity comes great risk. Volatility isn’t going anywhere, and regulatory uncertainty looms large.
Scaramucci’s unwavering faith, even in the face of potential dips, reminds us of crypto’s resilience. Yet, as he noted, even political families like the Trumps are eyeing this space—raising questions of ethics and influence. For now, the focus remains on innovation and adoption. Whether you’re a seasoned investor or a curious bystander, this is a story worth watching. The Wild West of crypto is alive and well, and we’re all along for the ride. Until next time, keep questioning, keep learning, and keep investing wisely. This is, signing off.