Scaramucci: 'Yes, We're in a Bear Market'
Analysis
Price Impact
MedScaramucci, a well-known figure in the crypto space, stating that we are in a bear market and reiterating his long-term bullish outlook on bitcoin, while tempering short-term expectations. this may cause some short-term cautiousness but his long-term view might provide some support.
Trustworthiness
HighAnthony scaramucci is the founder of skybridge capital and a prominent investor with a significant track record and influence in the financial and crypto markets. his opinions carry weight.
Price Direction
NeutralWhile scaramucci acknowledges the current bear market, he also expresses a long-term bullish conviction with a $150,000 target for bitcoin by 2026. this mixed outlook suggests a neutral short-term price direction, with underlying bullish sentiment for the long haul.
Time Effect
LongScaramucci's analysis focuses on demographic shifts and the slower movement of 'old money' into crypto, suggesting that significant price movements and adoption will take time. his price target is also for 2026, indicating a long-term perspective.
Original Article:
Article Content:
Cover image via U.Today Read U.TODAY on Google News Surviving the exhaustion The $150,000 target Advertisement SkyBridge Capital founder Anthony Scaramucci has conceded that cryptocurrency is in a bear market. At the same time, he is urging investors to look past the immediate price action and focus on the underlying demographic shifts driving global capital. In a recent post on X, the vocal Bitcoin advocate has stressed that "the question isn't if — it's how long" the bear market will last. HOT Stories XRP Records Largest On-Chain Realized Loss Spike Since 2022 Ripple Partners With Deutsche Bank, $2 Billion in Bitcoin Scooped by Whales, Schwartz Criticizes Logan Paul, Shiba Inu Price Enters Consolidation — Top Weekly Crypto News Bitcoin was supposed to act as the ultimate hedge against fiat currency debasement. However, it is currently underperforming expectations in that specific macroeconomic role. Advertisement "If this were pure currency debasement panic, Bitcoin should be flying," Scaramucci wrote. As the "Mooch" notes, institutional capital is still heavily controlled by older generations who are retreating to traditional safe havens. "The 60-year-olds who control most institutional capital are buying gold and silver," he explained. "That's the demographic tension. Crypto is still young money. Old money moves slower." Advertisement Surviving the exhaustion Having navigated nine bear markets throughout his Wall Street career, Scaramucci remains unbothered by the chorus of "permanent naysayers chanting 'it's over.'" Extreme bearish sentiment is often a reliable counter-indicator. You Might Also Like Sat, 02/21/2026 - 18:15 BlackRock's Upcoming Ethereum ETF to Offer 82% Staking Rewards to Investors By Caroline Amosun He stressed that market cycles die from pure exhaustion. The largest cryptocurrency rewards those who remain "solvent, unlevered, and psychologically intact." The $150,000 target In January, while speaking on the sidelines of the World Economic Forum, Scaramucci walked back his previous prediction that Bitcoin would hit $170,000 by late 2025. He revised his target to a still-bullish $150,000 for 2026. The financier admitted that the crypto community had "got overly enthusiastic about the end of repressive regulation in digital assets... and none of that happened." He attributed the drop to the ongoing legislative gridlock in Washington regarding the Digital Asset Market Clarity Act (CLARITY Act). #Anthony Scaramucci