SkyBridge Capital founder Anthony Scaramucci believes that Bitcoin's four-year cycle is not yet over, although it has become "softer" under the influence of institutional Capital flows and Bitcoin spot ETFs. According to him, the current weakness in BTC can still be explained by the familiar cyclical pattern of the market, combined with profit-taking pressure from long-term holder around the psychological $100,000 mark.
Scaramucci noted that institutional and ETF inflows have helped reduce volatility, but not enough to completely eliminate Bitcoin's traditional bull-bull structure. He argued that when many investors share a common market pattern, that belief can become a "self-fulfilling prophecy," thereby continuing to maintain the influence of the four-year cycle on BTC price behavior.
Regarding the outlook, Scaramucci predicts that Bitcoin may continue to trade sideways for much of the remainder of 2026, before beginning an upward trend in the fourth quarter and ushering in a new Bull market. He also reiterated that the market had expected BTC to reach $150,000 in 2025 thanks to a more crypto-friendly stance from the Trump administration and a less stringent regulatory environment, but the sharp crash in October 2025 completely shattered these expectations.
