TL;DR
- Anthony Scaramucci predicts Bitcoin could rally again in late 2026 or early 2027, citing historical four-year cycle behavior.
- He defended Michael Saylor’s Strategy, pointing to nearly $52 billion in Bitcoin, $1 billion in cash reserves, and no major debt maturities until 2028.
- Scaramucci says Bitcoin’s current 50% drawdown is milder than past 70% crashes, while ETFs and institutional demand have softened downside pressure during a volatile public-market confidence test now.
Anthony Scaramucci is calling for another Bitcoin rally by late 2026, even as the market’s recent drawdown keeps testing conviction around crypto’s most crowded long-term thesis. The SkyBridge Capital founder said Bitcoin remains aligned with its historical four-year cycle and could rally again in late 2026 or early 2027. The forecast came while he defended Michael Saylor’s Strategy after Bitcoin’s sharp decline raised fresh questions about leveraged corporate exposure. The strange part is that Scaramucci’s bullish case emerges from weakness, not euphoria, asking investors to treat the selloff as cyclical rather than terminal.
His argument centers on Strategy’s balance sheet. Scaramucci said observers need to understand its mechanics before assuming deeper Bitcoin losses would put the company in trouble. Strategy still trades at a premium to the value of its Bitcoin holdings, which he said creates arbitrage opportunities and should support investor confidence. The company holds nearly $52 billion worth of Bitcoin, representing about 31 months of dividend and interest obligations. It also has roughly $1 billion in cash reserves and no major debt maturities until 2028. In that structure, Strategy’s liquidity cushion is the defense, even if Bitcoin falls further first.
The Cycle Argument Returns to Center Stage
Scaramucci also argued that the current Bitcoin cycle has been milder than earlier downturns. Bitcoin has declined about 50% from its October 2025 peak, but previous cycles produced crashes of up to 70%. That comparison matters because it reframes the current weakness as painful but historically familiar. Institutional demand and growing retail participation through spot Bitcoin ETFs have helped soften the blow, in his view. The implication is that ETF access has changed Bitcoin’s downside profile, creating broader buyer channels even when price action looks fragile.
Still, the prediction lands in a market that has become less forgiving of bullish timelines. A late-2026 or early-2027 rally would require investors to look beyond current volatility, tighter liquidity expectations and persistent concern around corporate Bitcoin balance sheets. Scaramucci said he still likes Bitcoin and owns a lot of it, but the market is being asked to believe the four-year cycle still works under a very different institutional structure. For traders, the real test is whether history still rhymes, because ETFs, public companies and capital reserves now sit inside Bitcoin’s cycle rather than outside it for institutional buyers too.
