Anthony Scaramucci said Bitcoin’s traditional four-year cycle remains in play despite recent market disruptions, with a new bull phase expected to begin in late 2026.
The SkyBridge Capital managing partner attributed the current downturn, with Bitcoin trading near $68,223, to a typical cycle correction compounded by long-term holders taking profits around the $100,000 level.
“We're in a four-year cycle, and there were some traditional whales, some OG's, that believe in the four-year cycle, and guess what happens in life when you believe in something? You create a self-fulfilling prophecy,”
Said SkyBridge Capital managing partner, Anthony Scaramucci.
He added that institutional participation and inflows from exchange-traded funds have dampened volatility but not eliminated cyclical behaviour, with prices likely to remain uneven until a fourth-quarter recovery in 2026.
Scaramucci noted that earlier expectations for Bitcoin to reach $150,000 in 2025 were derailed after a sharp October correction wiped out bullish sentiment and drove prices from $126,000 to $60,000.
He also pointed to historical patterns, including the post-FTX recovery in 2023, arguing that bull markets often emerge during periods of investor apathy and that the current downturn reflects a standard correction phase.
Broader market risks remain, with Bitcoin recently falling below $69,000 amid geopolitical tensions and equity weakness, while some analysts warn that continued correlation with the S&P 500 could lead to a deeper 50% decline in 2026.
At the time of reporting, Bitcoin price was $68,225.84.