[](https://ambcrypto.com/lidos-daily-users-rise-718-in-3-months-will-this-help-ldos-growth/) [Bitcoin](https://ambcrypto.com/category/bitcoin-news/) Why Scaramucci is predicting Bitcoin [BTC] to hit $400K in 2025 – Bitcoin’s ascent might challenge gold’s reign – King coin’s rise reveals a sharp divide between its advocates’ optimism and critics’ skepticism In the ever-changing world of finance, a new debate is capturing the attention of investors and analysts alike – Could [Bitcoin (BTC)](https://ambcrypto.com/predictions/bitcoin-price-prediction) one day overtake gold as the ultimate safe haven asset? This question has spurred a flurry of discussions, with perspectives varying widely across the financial spectrum.Navigating the path to rival gold During a recent Maro Monday [livestream](https://www.youtube.com/watch?v=18BpPjBQ58s) on The Wolf of All Streets podcast, Dave Weisberger, co-CEO of CoinRoutes, highlighted that Bitcoin’s rise is inevitable.The exec views it as a speculative hedge against government deficits and a lack of confidence in traditional economic structures.Weisberger predicted, “Bitcoin will ascend to rival gold at some point in the next two cycles.” Adding to the conversation, Mike McGlone, a senior commodity strategist at Bloomberg Intelligence, pointed out that Bitcoin needs to prove its ability to outperform traditional investments on a risk-adjusted basis.This, before it can be considered a viable alternative to gold.Similarly, in a Fox Business [interview,](https://www.foxbusiness.com/video/6330640643112) Larry Fink, CEO of [BlackRock](https://ambcrypto.com/bitcoin-etf-update-blackrock-fidelity-eat-into-grayscales-dominance-how/), also drew parallels between Bitcoin and gold.He noted the cryptocurrency’s role as a digitalised gold, one that offers an international hedge against fiscal and monetary instability.Marion Laboure, a senior economist at Deutsche Bank, also acknowledged in an [interview,](https://www.db.com/what-next/digital-disruption/dossier-payments/i-could-potentially-see-bitcoin-to-become-the-21st-century-gold) “I could potentially see Bitcoin to become the 21st-century digital gold.
Let’s not forget that gold was also volatile historically.” However, she also emphasized that Bitcoin’s current volatility undermines its reliability as a store of value.In fact, Laboure anticipates this ultra-volatility to persist.Finally, Skybridge Capital’s founder Anthony Scaramucci thinks BTC could reach $170,000 post-April.In a different episode of The Wolf of All Streets [podcast](https://www.youtube.com/watch?v=LIzeqEEGMzY&t=510s), he drew attention to a pattern where Bitcoin’s price quadruples 18 months post-halving.
He also forecasted that Bitcoin could attain a market cap that is half of gold’s in the long term.This would mean a price of about $400,000.Critics against crypto Meanwhile, critics present a different picture.Jamie Dimon, CEO of JPMorgan Chase, in a [conversation](https://www.foxbusiness.com/video/6344618210112) with Fox Business, reiterated his long-standing skepticism towards Bitcoin, asserting that it doesn’t have value.
“There’s no value if you’re buying and selling Bitcoin.” Moreover, in a recent [address](https://docs.house.gov/meetings/BA/BA00/20240206/116798/HHRG-118-BA00-Wstate-YellenJ-20240206.pdf) to Congress, U.S.Treasury Secretary Janet Yellen highlighted the potential risks that crypto poses to the financial system.Among the concerns raised were price fluctuations, the potential for runs on crypto-platforms, and the dangers presented by [stablecoins](https://ambcrypto.com/how-usdt-led-the-latest-stablecoin-resurgence/).Echoing Yellen’s concerns, Senator Elizabeth Warren has also emphasized the critical need to extend anti-money laundering (AML) [regulations](https://ambcrypto.com/blog/crypto-crackdown-warrens-bid-to-stop-sanctions-dodging/) to the operations of cryptocurrencies.Taking to X (formerly Twitter), she pointed to crypto’s criminal associations.A new [@USGAO]report confirms that rogue nations are using crypto to dodge sanctions and undermine our national security.It’s time for crypto to follow the same anti-money laundering rules as everyone else.I’ve got a bill to make it happen.
[https://t.co/TUX2sJ8HR0] — Elizabeth Warren (@SenWarren) [January 21, 2024].
