Anthony Scaramucci, founder of SkyBridge Capital, says the prevailing apathy around Bitcoin is a classic contrarian bottom signal, not a reason to exit the asset. In a CNBC interview, he noted that retail interest, Google search trends, and the Relative Strength Index (RSI) have all cooled to levels that historically preceded sharp recoveries. “When you have RSI where it is, apathy where it is, and it’s a thin market, a tiny bit of demand for Bitcoin moves the price,” he told the network. Scaramucci, who confirmed he still holds a large Bitcoin position, expects the next leg up to begin in late Q4 2026 and extend into early 2027.
The argument leans heavily on Bitcoin’s post-halving rhythm. The most recent halving was in April 2024, and Scaramucci sees the current low‑excitement environment as consistent with the accumulation phase that often precedes the next parabolic move. He also addressed concerns about Michael Saylor’s MicroStrategy, insisting that the company’s balance sheet and capital‑market access are robust enough to weather further volatility: “He’s definitely not in trouble. I like him. I think he’s going to be right.”
Analysts point out a key nuance. While spot ETF inflows provide institutional support that was absent in prior cycles, this could also compress the upside if new demand arrives on a higher volume base. The “thin market” dynamic Scaramucci describes might be less exaggerated than before, making the size of the rally harder to predict. Scaramucci also flagged a recent peace deal and falling oil prices as factors that could ease inflation, potentially prompting Federal Reserve rate cuts—a tailwind for risk assets like Bitcoin.
