Scaramucci Sees $100K Bitcoin Return as Halving Cycle Looms

Bitcoin's price has been stuck in a sideways movement for some time now, but Anthony Scaramucci remains bullish on its prospects. In a recent CNBC interview, he pointed to several factors that could push BTC back above $100,000.

According to Scaramucci, the upcoming halving cycle and tighter supply are key factors that could drive up prices. He noted that some Bitcoin miners have shifted their computing power towards AI-related activities, affecting the network's hash rate and reducing volatility.

Scaramucci also mentioned that capital has moved away from crypto and into the booming AI sector, reducing liquidity flowing into Bitcoin and other digital assets. Additionally, he pointed to the traditional four-year Bitcoin cycle, with roughly 18-19 months remaining until the next halving.

John Darsie, CEO of SALT, added that 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.