Anthony Scaramucci (앤서니 스카라무치), founder of SkyBridge Capital and a prominent cryptocurrency advocate, has maintained a bullish view on Bitcoin even after a recent sharp drop.

U.Today, a blockchain media outlet, reported on Saturday that he set out five reasons for his long-term optimism about Bitcoin in a recent post on X.

Scaramucci viewed the recent correction as temporary leverage liquidation rather than a deterioration in fundamentals. He judged that the decline was driven mainly by forced selling tied to miners covering costs and the unwinding of leverage.

He defined Bitcoin as an asset whose value cannot be diluted by any government. He also stressed that Bitcoin's 21 million supply cap is not a promise but is enforced by code. He saw that feature as becoming more important as U.S. national debt has recently exceeded $37 trillion.

He also cited institutional investment infrastructure as a basis for his bullish stance. He argued that institutional infrastructure built since 2024 does not disappear because prices fall, and that the market's foundation remains intact.

He also mentioned potential upside compared with gold. He said that even if Bitcoin takes only 10 percent of gold's role, the gain is a matter of multiples rather than percentages. He also interpreted periods of growing extreme pessimism as entry opportunities.

Scaramucci previously forecast that Bitcoin could reach $170,000 by mid-2026. He has also suggested the possibility of $200,000 in 2026, citing regulatory clarity. More recently, he predicted with Galaxy Digital CEO Mike Novogratz that Bitcoin could recover the $70,000 level by the end of July.

The key point of his remarks is that they put more weight on Bitcoin's structural characteristics and market infrastructure than on the price correction. He reasserted his existing bullish logic by stressing both the supply structure and the foundation for institutional capital inflows even during a short-term downturn.