Bitcoin Recovery Delayed Until October or November, Scaramucci Predicts

Anthony Scaramucci, founder of SkyBridge Capital, has shared his insights on the current state of the Bitcoin market. In an interview on the Thinking Crypto podcast from the Solana Policy Summit, he suggested that the asset may not see a meaningful recovery until October or November.

This forecast is based on Scaramucci's understanding of the four-year cycle of Bitcoin, which he believes is still in play despite recent regulatory developments and institutional adoption. He notes that the current drawdown has reached its halfway mark, with the halving having taken place, and suggests that a real recovery typically occurs during the first quarter of the following year.

Scaramucci also attributes some of the market weakness to macro factors such as President Donald Trump's tariff-related messaging and geopolitical conflict. However, he points out that Bitcoin has remained resilient during this period, with prices holding relatively steady.