Scaramucci Warns: No Big Bitcoin Recovery Until October 2026 – Is This the Final Dip?

Quick overview

Anthony Scaramucci, founder of SkyBridge Capital, said he does not expect a significant Bitcoin (BTC) recovery until October or November 2026. He called the current market a classic “Bitcoin winter” after the 2025 peak above $126,000, which fits the asset’s usual four-year halving cycle.

In recent interviews, Scaramucci said, “You probably won’t see a recovery in BTC maybe until the 1st month of the last quarter.” He expects Bitcoin to trade sideways or remain volatile for most of 2026, with a new bull run likely starting in the last quarter.

ARTHUR HAYES: A 70% Bitcoin crash is "off the table" as the 4-year cycle is dead. pic.twitter.com/KcZYs5TIEW

— Fiat Archive (@fiatarchive) April 23, 2026

Bitcoin is now trading between $70,000 and $78,000, down about 40–45% from its 2025 high. Although ETF inflows and institutional buying offer some support, Scaramucci sees this period of consolidation as typical after a peak, based on past cycles.

Even though the short-term outlook is cautious, Scaramucci is still very optimistic about Bitcoin’s long-term future. SkyBridge is buying on dips and has set a $1 million BTC target by 2032, which would mean a $21 trillion market cap. He points to Bitcoin’s fixed supply of 21 million, its decentralization, and its portability compared to gold as reasons it “checks every single box” of sound money.

Key Risks in 2026:

Slow summer trading, economic uncertainty, delayed regulations such as the CLARITY Act, and possible sell-offs could make the downturn last longer. On the other hand, steady ETF inflows and signs of on-chain accumulation could help the market recover sooner.

With over 38 years of market experience, Scaramucci advises buying when there is fear and volatility. While some may not agree with his exact October prediction, his view based on market cycles matches a growing belief that 2026 will be a year of change.

Bottom line:

BTC holders need to be patient. Keep an eye on ETF flows, regulatory updates, and Bitcoin’s market share. Scaramucci’s main point is clear: start accumulating now for the next big move, which could begin in late 2026.

ABOUT THE AUTHOR See More

Arslan Butt

Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)

Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

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