When Will Bitcoin Price Hit $100K Again?

Bitcoin jumped more than 8% in 24 hours, climbing above $69,000 for the first time since June. Anthony Scaramucci in a recent CNBC interview said, the upcoming halving cycle and tighter supply as key factors that could push BTC back above $100,000.

Why Bitcoin Has Stayed Stuck

Scaramucci pointed to three factors behind Bitcoin’s muted price action. First, some Bitcoin miners have shifted computing power toward AI-related activities, affecting the network’s hash rate and reducing volatility.

Second, capital has moved away from crypto and into the booming AI sector. This has reduced liquidity flowing into Bitcoin and other digital assets.

The third factor is the traditional four-year Bitcoin cycle. Scaramucci noted that the market is now more than two years into the cycle, with roughly 18–19 months remaining until the next halving.

John Darsie, CEO of SALT says Bitcoin’s holder base is maturing, with early investors selling while institutions, advisers, family offices, and sovereign funds increase their BTC holdings. This shift could reduce volatility and strengthen Bitcoin as a store of value.

“We’re Still Bulls on Bitcoin”

Despite the prolonged sideways movement, Scaramucci remains firmly bullish. He expects the next halving to reduce the new supply of Bitcoin entering the market, potentially creating a supply squeeze.