SkyBridge Capital founder Anthony Scaramucci expects Bitcoin (CRYPTO: BTC) to push back above $100,000, while calling the current stretch a clear bear market with an unusually shallow drawdown.
Why Scaramucci Is Still Bullish Despite the Grind
Scaramucci told CNBC’s Squawk Box on Tuesday from Wyoming’s Blockchain Symposium that Bitcoin has spent nine weeks in the tightest volatility band of the past five years, barely moving since the Iran war began in February.
He pointed to three reasons for the stall.
First, miners shifted compute power toward AI, disrupting hash rate and muting volatility.
Second, capital fled crypto broadly into AI stocks. Third, four-year cycle believers recognize Bitcoin is now approaching the typical end of its bear phase, sitting roughly 18 to 19 months from the next halving.
“I think you’ll see the thing move back up over $100,000,” Scaramucci said. “But it’s going to grind for a while,” he added.







