SkyBridge founder: Bitcoin's four-year cycle is still ongoing, price expected to rise in Q4.
PANews reported on March 23 that, according to Cointelegraph, SkyBridge founder Anthony Scaramucci stated that the current Bitcoin bear market can be explained by the four-year cycle theory and long-term holders selling at the psychological price level of $100,000. He pointed out that while inflows from institutional investors and Bitcoin ETFs have "mildened" the four-year cycle, they haven't completely eliminated this traditional cycle, and the shared beliefs of market participants can create a self-fulfilling prophecy. He predicts that Bitcoin will fluctuate for most of 2026, only starting to rise again in the fourth quarter of the year in a new bull market cycle.
Scaramucci stated that market participants, including himself, had widely anticipated that Bitcoin would rise to $150,000 by 2025, driven by the Trump administration's pro-crypto agenda and a more lenient regulatory environment. However, the market crash in October completely shattered this consensus. He cited Bitcoin's price action in early 2023 following the FTX crash in November 2022 as an example to illustrate that the market often moves in the opposite direction to mainstream sentiment, and bull markets typically begin during periods of "extreme apathy and lack of interest." The current bear market is considered a "normal" correction, consistent with previous pullbacks.
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