Bitcoin Recovery May Not Arrive Until October, Scaramucci Says

SkyBridge founder Anthony Scaramucci told Thinking Crypto that Bitcoin’s meaningful recovery likely won’t arrive until October or November, framing the current weakness as a cyclical bear tied to the four‑year halving cycle. He said ETF-driven buying has brought new, older investors into the market but has been met by heavy distribution from whales and early holders—who he claims sold into demand near ~$100,000—helping push prices into the high $60,000s. Scaramucci argued broader institutional adoption depends on clearer US market‑structure legislation (the “Clarity Act”) and major banks offering custody, yield and borrowing, and he suggested the government could hold Bitcoin in strategic reserves if depoliticized. At press time BTC traded around $77,844. The piece signals continued near‑term downside/range risk despite improving regulatory and ETF frameworks, delaying a full market recovery and institutional flow acceleration.