Scaramucci: 5 Reasons Why I'm Still Long BTC

Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. The five pillars of the bullish thesis Six-figure targets for 2026 Advertisement SkyBridge Capital founder Anthony Scaramucci remains a Bitcoin bull even after the brutal correction that the leading cryptocurrency by market capitalization has endured. The prominent financier has outlined five core reasons why he remains steadfastly "long" on the flagship cryptocurrency in his recent post on the X social media network. Scaramucci has shrugged off the current selloff as a temporary flush of leverage. HOT Stories Scaramucci: 5 Reasons Why I'm Still Long BTC Analyzing XRP's Bounce Potential, Shiba Inu (SHIB) to Add 10% or Lose 10%? Can Zcash (ZEC) Get Back to the Top? Crypto Market Review The five pillars of the bullish thesis First of all, according to Scaramucci, Bitcoin serves as the ultimate hedge against debasement (even though a lot of pundits might disagree with him due to Bitcoin's underperformance against gold). Scaramucci views Bitcoin as "the only asset no government can debase." Its hard-coded 21 million supply cap is "enforced by code" instead of "promises." This is particularly relevant in light of the fact that the gross national debt of the United States recently surpassed 37 trillion. Advertisement The current correction has been mostly driven by forced selling instead of fundamentals, according to Scaramucci. The "Mooch" has specifically pointed to "miners covering costs" and "leverage unwinding." You Might Also Like Sun, 04/19/2026 - 19:13 Scaramucci: Bitcoin Market Cap Might Reach $21 Trillion By Alex Dovbnya Moreover, as noted by the investor, the infrastructural developments achieved recently are here to stay. "The institutional rails built since ‘24 don’t disappear because price fell," Scaramucci stated. "That floor is permanent." Advertisement On top of that, Bitcoin has a "massive upside" against gold. "Capture even 10% of gold’s role and that’s a multiple, not a percentage," he argued. Finally, he sees max pessimism as an attractive entry point. The investor sees an attractive opportunity in fear. Six-figure targets for 2026 As reported by U.Today, Scaramucci previously predicted that Bitcoin's price will reach $170,000 by mid-2026. The SkyBridge Capital founder has also stated that Bitcoin will hit $200,000 by 2026 due to regulatory clarity. These targets now seem extremely unrealistic (considering that Bitcoin is down roughly 50% from its current record high). That said, in a recent episode of the All Things Markets podcast, Scaramucci and Galaxy Digital CEO Mike Novogratz predicted that the flagship cryptocurrency is poised to reclaim the $70,000 threshold by the end of July, which could revitalize the bulls. #Bitcoin Price Prediction #Anthony Scaramucci