15 October 2026
Anthony Scaramucci Believes Bitcoin’s Bull Run Isn’t Over
Despite the recent bloodbath, Anthony Scaramucci, the founder of global alternative investment firm SkyBridge Capital believes that the Bitcoin Bull run isn’t over.
In a recent interview, the former White House Director pointed out that Bitcoin’s price history said massive sell-offs such as the one we saw this week are very common. According to his words, the cryptocurrency market was filled with expectations, and “most of the smaller players are using tremendous amounts of leverage.”
He also noted that both bitcoin and altcoins were “decimated” over the amount of liquidations that were triggered on the market. As per the data, over $9 billion were liquidated as the price of bitcoin and altcoins plunged. Because of the collateral value, users had dropped to the point platforms sold it on the market to prevent losses. These forced liquidations increased selling pressure and saw crypto prices drop to levels.
Bitcoin is bouncing back in the long-term as there will be a “flight to quality in the crypto space.” - Scaramucci said
He also addressed the negative factors affecting the cryptocurrency market, like Tesla no longer accepting bitcoin payments over environmental concerns. JP Morgan’s report that institutions are running towards gold and not crypto assets, and China banning financial institutions to deal in crypto.
Additionally, he also noted that his research shows more than 40% of the energy used to mine Bitcoin is renewable, and the overall carbon emission from the cryptocurrency equals 0.13% of the world’s carbon emissions. Musk’s concerns with BTC could be related to the company receiving carbon credits, he stated. China may not accept cryptocurrencies because of its “closed economic system” and only allow a digital yuan to circulate within its markets.
Bitcoin is a fully robust monetary network scaling to over 110M users right now, possibly 1B users by 2025, he concluded.
Disclaimer: The author’s views and opinions are for informational purposes only and do not constitute financial, investment, or other advice.
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