Bitcoin Is Down 55%, but Scaramucci Says There’s Still a Reason for Optimism
TL;DR
- Anthony Scaramucci says Bitcoin’s roughly 55% decline is relatively modest compared with previous bear markets, which often saw 75% to 80% drawdowns.
- He points to capital shifting toward artificial intelligence and Bitcoin’s market cycle as factors behind subdued prices.
- Scaramucci remains bullish long term, arguing that the 2028 halving could tighten supply and help Bitcoin recover above $100,000.
Bitcoin’s roughly 55% decline has placed the market firmly in bear-market territory, but SkyBridge Capital founder Anthony Scaramucci sees a constructive signal in the size of the drawdown. He argues that Bitcoin’s smaller loss compared with prior cycles may reflect stronger underlying demand.
Scaramucci made the comments during the SALT Wyoming Blockchain Symposium in Wyoming, focused on digital assets and regulation. He described the current phase as a clear Bitcoin bear market, while noting that previous downturns often produced losses of 75% to 80%.
That comparison is central to his optimistic view. If Bitcoin has attracted enough buyers to limit the decline to about 55%, Scaramucci believes the market could be entering a healthier reset rather than another deep capitulation. The view suggests demand may be absorbing selling pressure more effectively than before.
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