TLDR
- Scaramucci predicts Bitcoin will start rallying in Q4 2026 into early 2027
- He says Michael Saylor and Strategy are “definitely not in trouble”
- Strategy holds nearly $52 billion in Bitcoin with $1 billion in cash reserves
- Low investor interest and falling Google searches are signs he sees as bullish
- ETF inflows and institutional buying have made this cycle shallower than previous ones
SkyBridge Capital founder Anthony Scaramucci said in a CNBC interview that Bitcoin is still tracking its historical four-year cycle. He expects a rally to begin in the fourth quarter of 2026, continuing into early 2027.
He said this cycle has been shallower than past ones. Bitcoin pulled back around 50% from its highs, compared to 60–70% drops in earlier cycles. Scaramucci credits ETF inflows and rising institutional interest for cushioning the decline.
“I think Bitcoin starts to rally late in the fourth quarter of 2026 into early 2027,” he said.
He also pointed to low market interest as a positive signal. Google searches for Bitcoin have dropped and investor excitement has cooled. He said this kind of apathy has historically appeared near market bottoms, not tops.
Scaramucci added that the market is still relatively small. Because of that, even a small amount of new buying pressure can move prices quickly. He said he still owns a large amount of Bitcoin personally.
“I still like it. I own a lot of it,” he said.
Scaramucci Defends Michael Saylor and Strategy
Scaramucci pushed back against concerns about Strategy’s large Bitcoin holdings. He said Michael Saylor has access to deep capital markets and a strong balance sheet.
“You have to really understand the mechanisms of the balance sheet to understand that Bitcoin can go a lot lower, and he’s virtually not in trouble,” he said.
Strategy currently holds Bitcoin reserves valued at nearly $52 billion. That is enough to cover 31 months of dividend and interest obligations. The company also holds $1 billion in cash.
There are no major debt maturities until 2028. Saylor has previously said that as long as Bitcoin rises at least 1.25% annually, Strategy can keep paying dividends on its preferred stock and grow shareholder value.
Scaramucci said the company’s stock still trades at a premium to its underlying Bitcoin holdings. He said that premium gives investors the “necessary arbitrage” to feel comfortable with the position.
“I like him. I think he’s going to be right,” Scaramucci said of Saylor.
He also noted that a recent peace deal and lower oil prices could reduce inflation. If that happens, the Federal Reserve may cut interest rates, which could be a further boost to Bitcoin and other risk assets.
With 38 years of investing experience, Scaramucci said he sees the current environment as a late-cycle slowdown, not the end of Bitcoin’s growth story.
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