{"id":41970,"date":"2026-04-24T10:00:24","date_gmt":"2026-04-24T10:00:24","guid":{"rendered":"https:\/\/cryptomag.finance\/?p=41970"},"modified":"2026-04-24T10:00:24","modified_gmt":"2026-04-24T10:00:24","slug":"bitcoin-recovery-may-not-arrive-until-october-scaramucci-says","status":"publish","type":"post","link":"https:\/\/cryptomag.finance\/?p=41970","title":{"rendered":"Bitcoin Recovery May Not Arrive Until October, Scaramucci Says"},"content":{"rendered":"

Anthony Scaramucci said Bitcoin may not see a meaningful recovery until October or November, arguing that the current drawdown still fits the asset\u2019s historic four-year cycle despite a more favorable regulatory backdrop in Washington.<\/p>\n

Speaking on the Thinking Crypto podcast<\/a> from the Solana Policy Summit, the SkyBridge Capital founder framed the market weakness as a cyclical bear phase rather than a structural break. He said investors had expected a stronger policy-driven rally after the change in US administration, but that whales and long-time holders have continued to sell into ETF-driven demand.<\/p>\n

\u201cI\u2019m old school. I\u2019ve been in the category that this is a cyclical bear market traditional to the four-year cycle of Bitcoin,\u201d Scaramucci said. \u201cYou\u2019ve just crossed the halfway mark of the halving and so you\u2019re on your way to the back half of this thing. You typically don\u2019t get any type of real recovery until the first quarter of next year.\u201d<\/p>\n

Scaramucci added that Bitcoin\u2019s timeline may have been slightly accelerated by macro factors, including President Donald Trump\u2019s tariff-related messaging and geopolitical conflict. Still, he said Bitcoin has remained \u201cfairly sticky\u201d during the war period referenced in the interview.<\/p>\n

\u201cYou probably won\u2019t see a recovery in Bitcoin until maybe the first month of the last quarter,\u201d he said, pointing to \u201cOctober possibly November\u201d as a more realistic window.<\/p>\n

Why Bitcoin ETF Demand Has Not Been Enough<\/h2>\n

The comments address a central frustration across the crypto market: why prices have failed to respond more forcefully to a pro-crypto administration, institutional ETF access, and improving legislative momentum.<\/p>\n

According to Scaramucci, the answer lies partly in supply. ETF activity has brought new buyers<\/a> into Bitcoin, including older investors using traditional brokerage channels, but that demand has met heavy distribution from whales and early holders.<\/p>\n

\u201cYou\u2019re still seeing a lot of Bitcoin buying. A lot of boomers are buying Bitcoin, but it\u2019s just not enough,\u201d he said. \u201cYou got whales that are selling into the \u2014 the OGs in this industry believe in the four-year cycle. And so what they do is they fulfill the prophecy of the four-year cycle by acting on the four-year cycle and selling.\u201d<\/p>\n

He said whales were \u201cpumping lots of coins into the supply at around $100,000,\u201d which in his view contributed to Bitcoin falling into the high $60,000s.<\/p>\n

Scaramucci also tied Bitcoin\u2019s next phase of institutional adoption to US market-structure legislation, especially the Clarity Act<\/a>. He argued that the idea Bitcoin is \u201cvalueless\u201d is now \u201ccompletely off the table,\u201d but said banks are unlikely to move aggressively without clearer rules.<\/p>\n

\u201cIf you don\u2019t get the Clarity Act legislation passed, you\u2019re not going to get the banks to really open up,\u201d he said.
\nHe cited experimental custody programs at Bank of New York and SoFi, while arguing that real adoption requires major money-center banks to offer custody, yield, and borrowing against Bitcoin on more competitive terms. Until then, he said, investors will not see \u201creal full-throated adoption.\u201d<\/p>\n

Scaramucci also criticized the political and lobbying dynamics around stablecoin yield and crypto legislation. He said banks are pushing back because of their entrenched market position, while warning that holding out for a perfect bill could delay progress.<\/p>\n

\u201cI\u2019m a little bit more practical. I probably would have tried to get something done and I would not make the perfect deal the enemy of progress,\u201d he said. \u201cThe best example I can give you is the Bitcoin ETF. Gary Gensler hates us. He did not want that to happen. He lost the lawsuit, so he was forced to have it happen.\u201d<\/p>\n

Bitcoin Reserve Debate Still Politicized<\/h2>\n

On the question of whether the US government should hold Bitcoin in strategic reserves,<\/a> Scaramucci said yes, but only if the issue can move beyond partisan framing.<\/p>\n

\u201cIt\u2019s very hard to hold Bitcoin in a strategic reserve if it\u2019s a partisan issue,\u201d he said. \u201cIf we can get this to be a transformative post-partisan what\u2019s right or wrong for the country, what\u2019s right or wrong for the American taxpayer, then the answer is yes.\u201d<\/p>\n

He said he would not aggressively push the issue before broader consensus forms, instead favoring an approach where government-held Bitcoin from legal actions is retained rather than sold. He also said he was unsure whether the US government had completed an audit of its Bitcoin holdings.<\/p>\n

At press time, BTC traded at $77,844.<\/p>\n

\"Bitcoin<\/p>","protected":false},"excerpt":{"rendered":"

Anthony Scaramucci said Bitcoin may not see a meaningful recovery until October or November, arguing that the current drawdown still fits the asset\u2019s historic four-year cycle despite a more favorable regulatory backdrop in Washington. Speaking on the Thinking Crypto podcast from the Solana Policy Summit, the SkyBridge Capital founder framed the market weakness as a […]<\/p>\n","protected":false},"author":1,"featured_media":41971,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[45],"tags":[],"class_list":{"0":"post-41970","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin"},"yoast_head":"\nBitcoin Recovery May Not Arrive Until October, Scaramucci Says - Cryptomag<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptomag.finance\/?p=41970\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Recovery May Not Arrive Until October, Scaramucci Says - Cryptomag\" \/>\n<meta property=\"og:description\" content=\"Anthony Scaramucci said Bitcoin may not see a meaningful recovery until October or November, arguing that the current drawdown still fits the asset\u2019s historic four-year cycle despite a more favorable regulatory backdrop in Washington. 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