Bitcoin's Smaller Decline May Signal Resilient Buyer Base

SkyBridge Capital founder Anthony Scaramucci said that Bitcoin's current bear market may contain an encouraging signal. According to him, the decline has remained smaller than losses recorded during previous cycles.

Scaramucci called Bitcoin's current situation a 'clear Bitcoin bear market' despite its shallower drawdown than earlier cycles. He noted that Bitcoin traded near $64,000 after falling roughly 49% from its October 2025 record peak level.

The founder attributed weak prices partly to capital rotating from cryptocurrencies toward artificial intelligence investments recently. Scaramucci forecasted that Bitcoin would move back up over $100,000 after another halving, but offered no guaranteed recovery timeline publicly.