Anthony Scaramucci, financier and Founder of SkyBridge Capital who briefly served as White House communications director, boldly outlined the long-term value of Bitcoin.
According to him, Bitcoin’s market capitalization is on track to reach $21 trillion, due to its constant supply, growing institutional reach and a monetary custody system built over 16 years without any central authority. But if Bitcoin reached a market capitalization of $21 trillion, how much would 1 BTC be worth?
The logic of $21 trillion
Bitcoin has a fixed supply limit of 21 million BTC written into its protocol and is immutable by design. This means there will never be more than 21 million Bitcoins, and at some point investors will only be able to own fractions of Bitcoins.
According to Scaramucci Bitcoin has proven every feature that has defined money throughout human history. Bitcoin’s advantage is that its trust model is decentralized, its supply is fixed, and its network has been around long enough to gain credibility among both retail and institutional investors. Therefore, there is a high probability that the company’s market capitalization will reach up to USD 21 trillion.
Scaramucci calls that amount a ceiling still below gold’s total market capitalization, which is currently around $33 trillion, according to CompaniesMarketCap data. This gap can be closed, and Bitcoin offers structural advantages in doing so. “It can be moved faster and stored easier,” he said. “
When fully diluted, the calculation comes out to exactly the round number for BTC. Market capitalization of $21 trillion divided by Bitcoin’s maximum supply of 21 million coins gives the price $1 million per BTC. At the time of writing, only 20,018,784 BTC has been mined, which means there are approximately 981,216 Bitcoins left to be mined. This is less than 5% of the total supply.
At the time of writing, Bitcoin is trading at around $76,534, which means an boost to $1 million would translate into a 1,200% boost from there.
Wall Street is closing in on Bitcoin
There is an institutional inflow the most vital factor when it comes to the possibility of Bitcoin price reaching extravagant price targets such as $1 million. Notably, Scaramucci cited institutional dynamics as evidence of structural change is already underway.
Morgan Stanley launched On April 8, 2026, it launched its own Spot Bitcoin ETF, listed under the symbol MSBT on the NYSE Arca exchange, making it the first huge American commercial bank to directly issue such a product. Goldman Sachs is also in startup process its Spot Bitcoin ETF after filing documents with the SEC regarding the Goldman Sachs Bitcoin Premium Income ETF.
Therefore, the question of whether Bitcoin will eventually reach $1 million per coin and $21 trillion in market capitalization is ultimately a question about the pace and sustainability of institutional adoption.
Featured image from Pixabay, chart from Tradingview.com
