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Bitcoin drop may signal demand, Scaramucci says
SkyBridge Capital founder Anthony Scaramucci said on Aug. 18 that Bitcoin's latest bear market may contain one encouraging signal: its decline has remained smaller than losses recorded during previous cycles. Scaramucci called Bitcoin's current decline a bear market despite its shallower drawdown than earlier cycles.
Bitcoin traded near $64,000 after falling roughly 49% from its October 2025 record peak level.
Scaramucci compared the latest downturn with historical bear-market losses of approximately 75% to 80% previously.
He attributed weak prices partly to capital rotating from cryptocurrencies toward artificial intelligence investments recently.
Scaramucci forecast Bitcoin above $100,000
after another halving, but offered no guaranteed recovery timeline publicly.#BTCBreaches69000Up6.43% #UnitreeTechSoars629%OnDebuts #GateStockInsightsChallenge #GateEventPointsSystemLaunched #SKHynixLargestBuybackEver $BTC