Blab Crypto
Anthony Scaramucci Remains Bullish on Bitcoin Amid ETF Outflows and Market-Cap Comparisons
Anthony Scaramucci, the former White House communications director who now runs SkyBridge Capital, took to X this Saturday to reaffirm his long‑standing optimism about Bitcoin. In a concise post, the financier laid out five concrete reasons why he remains a long‑position holder even as the market drifts lower.
First, he cites Bitcoin’s hard‑coded cap of 21 million coins. Scaramucci argues that this immutable ceiling acts as a bulwark against monetary debasement, pointing out that the U.S. national debt tops $37 trillion. With supply fixed, inflationary pressure is naturally capped, a trait he says has historically defined reliable money.
Second, he dismisses the recent sell‑off as “forced” rather than evidence of broken fundamentals. Scaramucci contends that the market’s reaction is a self‑fulfilling prophecy: traders who expect a four‑year cycle begin selling, creating the downturn they anticipate.
Third, he highlights the growing institutional infrastructure since 2024, particularly spot Bitcoin ETFs. Scaramucci maintains that these funds will persist even if prices fall, citing SoSo Value data that shows Bitcoin ETFs have endured six consecutive weeks of net outflows, amounting to $2.26 billion in June alone.
Fourth, he compares Bitcoin’s $1.3 trillion market cap to gold’s $29 trillion, noting that capturing just 10 % of gold’s role as a store of value would elevate Bitcoin to a multiple rather than a percentage of gold’s value.
Finally, Scaramucci labels “maximum pessimism” as the ideal buying window, pointing to historical patterns where every Bitcoin bottom has shared similar characteristics.
At the time of posting, Bitcoin traded at $64,170.55, up 0.14 % over the past 24 hours according to Benzinga Pro. The price hovers near the $65 k support zone that has been a key anchor in recent months. Spot Bitcoin ETFs, however, continue to experience net outflows. Cointelegraph reports that the U.S. spot Bitcoin ETF market recorded a six‑day run of net outflows totaling $1.55 billion, bringing year‑to‑date net inflows down to $536 million.
Scaramucci says Bitcoin’s typical four‑year cycle has been “very consistent.” He believes the current cycle is shallower than prior ones and forecasts a rally late in the fourth quarter of 2026 that could extend into early 2027. He added that over 70 % of his net worth is invested in Bitcoin and that he has set a $1 million price target for the asset by 2032.
Anthony Scaramucci founded SkyBridge Capital in 2005 after leaving Goldman Sachs, where he worked in investment banking, equities, and private wealth management. He served briefly as the White House communications director in 2017. Since then, he has become a vocal advocate for Bitcoin, often noting that the cryptocurrency “checks every single box” of what defines money.
Scaramucci’s bullish case rests on Bitcoin’s scarcity, expanding institutional support, and its market‑cap comparison to gold. While ETF outflows remain a concern for institutional players, his long‑term view stays intact. The market’s next test will be whether Bitcoin can breach the $65 k support level and whether the projected rally in late 2026 materializes. For now, traders and observers continue to watch ETF flows, price action, and the broader macro‑economic backdrop.
First, he cites Bitcoin’s hard‑coded cap of 21 million coins. Scaramucci argues that this immutable ceiling acts as a bulwark against monetary debasement, pointing out that the U.S. national debt tops $37 trillion. With supply fixed, inflationary pressure is naturally capped, a trait he says has historically defined reliable money.
Second, he dismisses the recent sell‑off as “forced” rather than evidence of broken fundamentals. Scaramucci contends that the market’s reaction is a self‑fulfilling prophecy: traders who expect a four‑year cycle begin selling, creating the downturn they anticipate.
Third, he highlights the growing institutional infrastructure since 2024, particularly spot Bitcoin ETFs. Scaramucci maintains that these funds will persist even if prices fall, citing SoSo Value data that shows Bitcoin ETFs have endured six consecutive weeks of net outflows, amounting to $2.26 billion in June alone.
Fourth, he compares Bitcoin’s $1.3 trillion market cap to gold’s $29 trillion, noting that capturing just 10 % of gold’s role as a store of value would elevate Bitcoin to a multiple rather than a percentage of gold’s value.
Finally, Scaramucci labels “maximum pessimism” as the ideal buying window, pointing to historical patterns where every Bitcoin bottom has shared similar characteristics.
At the time of posting, Bitcoin traded at $64,170.55, up 0.14 % over the past 24 hours according to Benzinga Pro. The price hovers near the $65 k support zone that has been a key anchor in recent months. Spot Bitcoin ETFs, however, continue to experience net outflows. Cointelegraph reports that the U.S. spot Bitcoin ETF market recorded a six‑day run of net outflows totaling $1.55 billion, bringing year‑to‑date net inflows down to $536 million.
Scaramucci says Bitcoin’s typical four‑year cycle has been “very consistent.” He believes the current cycle is shallower than prior ones and forecasts a rally late in the fourth quarter of 2026 that could extend into early 2027. He added that over 70 % of his net worth is invested in Bitcoin and that he has set a $1 million price target for the asset by 2032.
Anthony Scaramucci founded SkyBridge Capital in 2005 after leaving Goldman Sachs, where he worked in investment banking, equities, and private wealth management. He served briefly as the White House communications director in 2017. Since then, he has become a vocal advocate for Bitcoin, often noting that the cryptocurrency “checks every single box” of what defines money.
Scaramucci’s bullish case rests on Bitcoin’s scarcity, expanding institutional support, and its market‑cap comparison to gold. While ETF outflows remain a concern for institutional players, his long‑term view stays intact. The market’s next test will be whether Bitcoin can breach the $65 k support level and whether the projected rally in late 2026 materializes. For now, traders and observers continue to watch ETF flows, price action, and the broader macro‑economic backdrop.
