Is $100,000 the Magic Number to Bring Back Bitcoin Investors? Anthony Scaramucci Makes a Bold Case to Buy BTC Now.
Anthony Scaramucci's assessment of Bitcoin highlights the risks investors face with the cryptocurrency.
Anthony Scaramucci, founder of SkyBridge Capital, believes that big, round numbers attract investors, and in the case of Bitcoin, $100,000 is an important level to consider. This number may seem like a mere coincidence, but it actually highlights a crucial aspect of the cryptocurrency market. Scaramucci points out that even after a rally, Bitcoin is still more than 33% below its all-time high reached in 2025.
The cryptocurrency took a massive tumble, dropping from above $100,000 to significantly below that figure. According to Scaramucci, the reason behind this decline is that long-term holders of Bitcoin viewed the big round number as a sell trigger. This is not an unusual reaction, as significant round numbers such as the S&P 500 index have also been met with scrutiny when passed.
As illustrated in a Getty Images image, the market reacts to these milestones, and Bitcoin is no exception.
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