Anthony Scaramucci, the founder of SkyBridge Capital, has acknowledged that the cryptocurrency market is currently experiencing a downturn.
Despite this, he encourages investors to look beyond short-term price fluctuations and consider the deeper demographic trends influencing global capital flows.
In a recent message on X, the outspoken Bitcoin supporter emphasized that the real question isn’t whether a bear market exists but rather how long it will persist.
Bitcoin was initially expected to serve as an ideal safeguard against fiat currency devaluation. Yet, at present, it is falling short of those macroeconomic expectations.
“If this were purely driven by panic over currency debasement,” Scaramucci remarked, “Bitcoin’s value should be soaring.”
The “Mooch” pointed out that institutional funds remain largely controlled by older generations who prefer traditional safe assets.
“The 60-year-olds managing most institutional money are investing in gold and silver,” he explained. “This creates a demographic divide: crypto represents younger capital while old money moves more cautiously.”
Enduring Market Fatigue
Having endured nine bear markets during his Wall Street tenure, Scaramucci remains unfazed by persistent skeptics declaring crypto’s demise.
An extreme bearish outlook often signals an impending market reversal rather than continued decline.
He highlighted that market cycles conclude through sheer exhaustion. The leading cryptocurrency rewards those who stay financially stable, avoid leverage, and maintain mental resilience.
The $150K Milestone
This past January at the World Economic Forum sidelines, Scaramucci moderated his earlier forecast of Bitcoin reaching $170,000 by late 2025. He now projects a still optimistic target of $150,000 for 2026.
The investor conceded that enthusiasm within the crypto community about easing restrictive regulations on digital assets was premature since such reforms have yet to materialize.
This setback is largely due to ongoing legislative deadlock in Washington concerning the Digital Asset Market Clarity Act (CLARITY Act).