Anthony Scaramucci Says Bitcoin Will Move 'Back Up Over $100,000 Again'

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.

Why Doesn’t He See the Clarity Act as a Major Catalyst?

Scaramucci pushed back on the idea that the Clarity Act passing would be a rocket ship for Bitcoin. 

He acknowledged the bill would be positive long term, removing the regulatory pendulum swing between administrations and opening new access opportunities for banks.