- Anthony Scaramucci believes bitcoin will climb back to $100,000.
- He opined that there will be more net buyers in the next bull run.
- Standard Chartered recently said a $100k BTC is possible by year-end.
Bitcoin is going to move back to $100,000, but it might take up to 18 months for the catalyst to align, according to Anthony Scaramucci.
The SkyBridge Capital founder told CNBC’s Squawk Box on Tuesday that “this is clearly a bitcoin bear market,” in response to the point that the price has not really moved much over the past months.
Scaramucci says $100,000 BTC might take a while
Scaramucci said bitcoin has been stuck in its narrowest volatility band in five years for about nine weeks now, with prices roughly flat since the war in Iran started in February.
He offered three explanations for the consolidation, which include miners redirecting computing power to AI, capital flight into AI stocks, and bitcoin’s four-year market cycle.
Despite all of these, Scaramucci pointed out that bitcoin has shown more resilience than in the past bear markets. He put the current market drawdown at roughly 55%, well short of the typical 75% to 80% collapses that defined earlier cycles.
“That’s actually a good sign that there’s a lot of net buyers going into the next bull phase of bitcoin,” Scaramucci told CNBC.
The catalyst for the bull run, he believes, will be bitcoin’s supply cut in the next halving, which is still around 18 to 19 months away.
“I think you’ll see the thing move back up over $100,000,” Scaramucci said. “But it’s going to grind for a while,” he added.
Standard Chartered calls $100,000 BTC by year-end
Standard Chartered is also of the view that bitcoin will return above the $100,000 mark, but as soon as the year’s end.
The price target represents a 55% increase from the current price of $64,350, at the time of writing.
“When we look back at the end of 2026 with bitcoin at $100k we will say this was the buying zone we all wanted,” Geoffrey Kendrick, the global head of digital assets research at Standard Chartered, said in a June report.
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FAQs
What did Anthony Scaramucci predict for Bitcoin?
He said he expects Bitcoin to climb back above $100,000, telling CNBC that the move is coming but that the market will "grind for a while" first.
Why does Scaramucci say Bitcoin has been so flat?
He cited three factors: miners shifting computing power to AI and disrupting hash rate, investor capital rotating into AI stocks, and four-year-cycle traders reading the market as a late-stage bear phase about 18 to 19 months before the next halving.
Does Scaramucci think the Clarity Act will boost Bitcoin's price?
No. He called it positive over the long term for removing regulatory uncertainty and opening bank access, but not a near-term catalyst, putting its passage odds at roughly 50-50 and naming the next halving as the more meaningful driver.
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Ibiam Wayas
Ibiam Wayas has covered the crypto news beat since 2019. He studied Computer Science at National Open University of Nigeria. His work has appeared on various crypto news platforms, including Coinfomania, Crypto News Australia, and AltcoinBuzz. Drawing on his background in Computer Science, he now focuses on crypto, robotics, and longevity news.
