SkyBridge Capital founder Anthony Scaramucci has outlined a bullish case for a 2026 recovery in the altcoin market, naming Solana (SOL), Avalanche (AVAX), and TON as his top three picks. In a December 31st interview with Altcoin Daily, Scaramucci characterized 2025 as an unexpectedly difficult year for altcoins, attributing the pressure to significant "whale" selling. He estimated that approximately $4.6 billion worth of digital assets was sold by large holders into the demand generated by spot Bitcoin ETFs, which failed to lift prices as anticipated.
A major deleveraging event around October 10, 2025, further stressed the market, creating a liquidity crisis for market makers and contributing to a roughly 30% drop in Bitcoin's price. Scaramucci's internal sentiment indicator, which he calls the "bull meter," currently sits at a very bearish 13 or 14 out of 100.
Scaramucci identified several catalysts for a potential 2026 rebound. On the policy front, he highlighted the proposed Clarity Act, which seeks to establish a legal framework for digital assets. He believes the chances of crypto legislation passing before the 2026 U.S. midterm elections are above 50%, citing bipartisan support and growing crypto-aligned campaign funding. He argued that such regulatory clarity is essential to unlock institutional investment and large-scale financial system tokenization, noting the current global system spends $3.5 to $4 trillion annually on transaction verification.
Macroeconomic factors are also seen as supportive. Scaramucci predicted the U.S. Federal Reserve will enact two to four interest rate cuts in 2026, driven by election-year pressures to support economic growth. This, combined with steadier ETF inflows and a reduction in whale selling, could create a favorable environment for digital assets.
Regarding his specific altcoin selections, Scaramucci named Solana as his top pick for its low-cost, fast transaction speeds, and strong developer ecosystem. He included Avalanche in his top three, though with less detailed commentary. For TON, the token integrated with the Telegram messaging app, he disclosed purchasing it at higher prices (initially at $7.50) and averaging down to around $4, seeing its potential utility within Telegram's vast network as a key driver. At the time of the interview, TON was trading near $1.50.
Scaramucci also revealed he recently purchased more Bitcoin for his family portfolio, maintaining a long-term price target of $150,000. He concluded that even small improvements in market conditions could lead to significant gains for high-quality altcoins in the coming year.
