Scaramucci Sticks by $100K Bitcoin Call Despite Bear Market

Anthony Scaramucci, founder and CEO of Skybridge Capital, remains committed to his bullish stance on Bitcoin. He predicts that the cryptocurrency will surpass $100,000 once again, despite its current stagnation near pre-war levels following the U.S.-Iran conflict. According to Scaramucci, three structural headwinds have driven the crypto bear market: miners transferring computing power to AI, capital reallocation towards AI due to booming valuations, and muted volatility.

Scaramucci argues that these factors are more significant than the war itself in influencing Bitcoin's price. He notes that prominent analysts project a rebound by the end of 2026, but emphasizes that his team remains optimistic. Scaramucci believes that the halving cycle will eventually constrain supply and propel Bitcoin back above $100,000.