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Anthony Scaramucci said the current downturn in Bitcoin (CRYPTO: BTC) reflects a typical market cycle rather than a structural issue, as he reiterated a long-term bullish outlook on the crypto sector.
Near-Term Weakness, Long-Term Optimism
Speaking at the Solana Policy Summit, Scaramucci said he expects continued market softness in the near term, with a more meaningful recovery likely toward late 2026 or early next year.
He attributed recent price declines to macroeconomic factors, including geopolitical tensions and profit-taking by large investors, rather than any deterioration in Bitcoin’s long-term fundamentals.
Scaramucci also emphasized the importance of regulatory clarity, arguing that clearer legislation would enable major banks …
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