Anthony Scaramucci Declares Bitcoin's 55% Drop a Reason for Optimism

cryptonews.ruPublished on 2026-08-19Last updated on 2026-08-19

Abstract

Anthony Scaramucci, founder of SkyBridge, expressed optimism despite Bitcoin's 55% price drop, noting the decline is significantly smaller than in previous bear markets. He suggested this limited drawdown indicates resilient underlying demand, which could support the next bull cycle. Scaramucci pointed out that Bitcoin's price has remained relatively stable since the US-Iran conflict began in February. He attributed weak momentum to capital shifting from cryptocurrencies into AI services and mining companies investing in AI infrastructure. He also highlighted structural market changes, such as the launch of spot Bitcoin ETFs, which have broadened access for traditional investors. Financial firms continue creating digital asset-based products, expanding Bitcoin's buyer base compared to past cycles. Scaramucci believes the upcoming Bitcoin halving, which will reduce the rate of new coin issuance, could intensify supply scarcity and potentially help Bitcoin surpass $100,000. However, he anticipates a consolidation period before the market recovers. Previously, he compared Bitcoin's global adoption to an S-curve, predicting a sharp acceleration after a slow initial phase.

The founder of SkyBridge noted that the scale of the price decline was significantly smaller than during previous downturns.

"In 37 years of work, I have experienced nine bear markets. Bitcoin is clearly in a bear cycle now, but it has only dropped by 55%. This is a good sign: the limited drawdown may indicate sustained demand capable of supporting the next bull phase," Scaramucci stated during a CNBC broadcast.

Scaramucci pointed out that since the beginning of the U.S.-Iran war in February, the Bitcoin price has hardly changed. Among the reasons for the weak dynamics, the entrepreneur cited capital outflows from cryptocurrencies into artificial intelligence services, as well as mining companies' desire to invest in services for AI needs.

The founder of the investment company also drew attention to changes in the market structure. The launch of spot Bitcoin ETFs has expanded access to the leading cryptocurrency for traditional investors, and financial companies continue to create products based on digital assets. Thanks to this, Bitcoin now has a broader buyer base than during previous bearish pauses in the cycle, the businessman believes.

According to Scaramucci, the upcoming Bitcoin halving will reduce the rate of new coin issuance and increase supply scarcity, which could help Bitcoin gradually rise above $100,000. However, before recovery, the crypto market must go through a period of consolidation, the interviewee added in his conversation with the journalists.

Earlier, Anthony Scaramucci in an interview with RiskReversal Media compared the spread of Bitcoin to an S-shaped curve. According to the crypto-entrepreneur, after a slow initial stage, the rate of the asset's global adoption should sharply accelerate.

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