Anthony Scaramucci projects Bitcoin to skyrocket to $100k

SkyBridge Capital founder Anthony Scaramucci expects Bitcoin (BTC) to eventually get back on its feet and climb past $100,000 after months of muted price action.

Speaking on CNBC’s Squawk Box on Tuesday, August 18, Scaramucci noted that Bitcoin has spent nine weeks trading within its narrowest volatility range in five years, with prices barely budging since the Iran war began in February 2026.

He attributed the slowdown to three factors: miners redirecting computing power toward artificial intelligence (AI), capital shifting out of crypto and into AI stocks, and investors believing the market is approaching the end of its current bear phase.

Despite the lack of momentum, Scaramucci said he remains bullish on the asset, arguing the next halving even to tighten supply and eventually put upward pressure on the price.

“The real question is: Are we still bullish on Bitcoin? And the answer is resoundingly: Yes. I think as the halving cycle comes in again and we cut the supply of coins again, it will tighten the price, and I think you’ll see the thing move back up over $100,000. But, it’s going to grind for a while,” Scaramucci said.

Bitcoin is currently trading at $64,300, down 26% year-to-date.