Skybridge Capital CEO Anthony Scaramucci remains confident that bitcoin will surge past $100,000, arguing that the supply cuts from the halving cycle will drive the next major breakout.
Key Takeaways
Skybridge noted bitcoin dipped below pre-war levels by June 7 after U.S. and Israeli strikes on Iran.Capital shift to AI and miners fleeing reduced crypto volatility, putting pressure on Bitcoin prices.Anthony Scaramucci predicts the halving cycle will trim supply and push bitcoin past $100,000.Bitcoin eventually stabilized after the U.S. and Iran reached a diplomatic agreement, but Scaramucci argues three structural headwinds played a far greater role in driving the crypto bear market than the war itself.
“I think there are three things: one, a lot of the miners have transferred computing power over to AI, which disrupted the hashrate,” Scaramucci remarked, noting that the shift muted volatility.
Meanwhile, Scaramucci emphasized that despite near-term pressure, his team’s optimism hasn’t wavered.
“The real question is are we still bulls on bitcoin, and the answer is resoundingly yes. I think the halving cycle comes in again and we cut the supply of coins again, it will tighten the price, and I think you will see the thing move back up over $100,000,” Scaramucci said.
