Scaramucci questions why Bitcoin is below $200,000, sees momentum ahead of 2028 halving

Bitcoin has yet to reflect persistent inflation and deficit spending in its price, according to Anthony Scaramucci, who sees scope for momentum to build as the 2028 halving approaches. He said public awareness of Bitcoin had exceeded his expectations while its price had fallen short.

In a Cointelegraph interview at Salt London on November 9, SkyBridge Capital founder Scaramucci reiterated his conviction in Bitcoin’s long-term value and four-year cycle. Against a backdrop of inflation and continued government spending, he asked: “How is it not 200,000?”

Scaramucci put Bitcoin’s price at around $75,000–$80,000 during the interview, below the level he had expected. Asked what concerned him about the crypto industry, however, he acknowledged that his own optimism could be excessive and that his assessment could be wrong.

He argued that the four-year cycle remained relevant, anticipating stronger momentum as the 2028 halving draws closer. Investors’ belief in that pattern could itself influence their behavior, he said, suggesting that some Asian investors following the cycle could drive substantial spending on crypto and Bitcoin toward the end of the fourth quarter.

Asked what would cause him to abandon his conviction in Bitcoin, Scaramucci said he saw no such factor on the horizon. He linked his confidence to Bitcoin’s technical properties and the ways societies assign value, while distinguishing between its growing recognition and a price that remained below his expectations.

On US crypto policy, Scaramucci argued that President Trump’s memecoin ventures and crypto business interests had complicated agreement on the Clarity Act. He said the president and the White House had resisted a proposed ethics provision with meaningful force, while assigning responsibility to both sides for the failure to reach a deal.

Scaramucci said the importance of a pro-crypto stance in the next administration would become clearer over the next two years. He praised tokenization guidance from the SEC under Paul Atkins and argued that sufficiently widespread tokenization of real-world assets could make the industry harder for future regulatory leaders to halt or slow.

His principal criticism of the SEC and CFTC was the pace of their work, although he acknowledged that government processes might limit how quickly they could act. He expressed hope that tokenization would gain enough ground over the next two years to sustain the industry’s development through changes in regulatory leadership.