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According to ChainCatcher, Anthony Scaramucci, founder and CEO of SkyBridge Capital, stated in an interview with CNBC that despite the recent market correction, he still maintains his year-end price target for Bitcoin at between $180,000 and $200,000. Scaramucci pointed out that the market is currently in a consolidation phase, with institutional investors entering at an accelerated pace. Compared to three years ago, when conferences were dominated by retail investors, there are now more institutional participants. He believes that short-term market fluctuations are caused by some large investors selling off, but the medium-term outlook remains optimistic as demand continues to outpace supply. He added that both he and his firm SkyBridge hold a significant amount of Bitcoin, emphasizing that Bitcoin’s limited supply and institutional allocation demand are the core drivers behind its price increase.

According to a report by Jinse Finance, Bank of America’s latest research paper provides an in-depth analysis of the transformative potential of stablecoins within the financial system, noting that while these digital assets face regulatory controversies, they have already demonstrated unique advantages in areas such as cross-border transactions and retail settlements. The report highlights that cross-border peer-to-peer (P2P) payments represent the most disruptive application scenario for stablecoins—compared to traditional banking systems, they offer significant advantages in settlement efficiency and cost, and may become a vital channel for capital flows in emerging markets. Notably, Shopify’s move to allow merchants to accept USDC stablecoin is seen as a landmark event for retail adoption, while the recent on-chain repurchase transaction of tokenized U.S. Treasury bonds (UST) further underscores institutional investors’ recognition of stablecoins’ settlement capabilities. On the demand side, Bank of America estimates that over the next 12 months, the potential demand for U.S. Treasuries from stablecoins could reach $25 billion to $75 billion, though this is unlikely to alter the overall supply-demand dynamics of the Treasury market in the short term.