Apr 24, 2026 upd. 7 Jun

Scaramucci predicts Bitcoin recovery only in October-November as whales sell

2 min

Scaramucci sees Bitcoin recovery only in October–November. He calls the pullback a four‑year cycle, not a break.

Speaking on the Thinking Crypto podcast, he said policy hopes were overdone. A friendlier D.C. tone didn’t lift prices.

“I’m old school,” he said. The market is in a cyclical bear. The halving is past halfway. “You typically don’t get any type of real recovery until the first quarter of next year.” He spoke at the Solana Policy Summit.

He noted macro noise. Trump’s tariff talk and conflicts pulled timelines forward. Still, Bitcoin stayed “fairly sticky” during the war period.

Why ETFs didn’t move the needle? New buyers came via ETFs and brokerages, including older investors, per NewsBTC. But whales and OGs sold into that flow. “A lot of boomers are buying,” he said. “It’s just not enough.”

He claimed whales “pumped lots of coins” near $100,000, which he says fed the drop into the high $60,000s.

Institutional next steps hinge on market‑structure laws. He flagged the Clarity Act. Without it, “you’re not going to get the banks to really open up.” He cited trials at Bank of New York and SoFi. Real adoption, he said, needs big banks offering custody, yield, and BTC‑backed credit.

He criticized lobbying around stablecoin yield and crypto bills. Banks defend their turf, he said. “I would not make the perfect deal the enemy of progress.” He compared it to the spot ETF fight after the SEC court loss.

On a US Bitcoin reserve, he said yes—if it’s not partisan. He prefers keeping seized coins over selling, and referenced the ongoing debate covered by NewsBTC.

He set expectations again. “You probably won’t see a recovery… until maybe the first month of the last quarter,” citing October or November.

At press time, BTC traded at $77,844.