Gate News reports that on March 23, amid intertwined geopolitical risks and macroeconomic pressures, Bitcoin’s price once again fell below the $68,000 mark. SkyBridge Capital founder Anthony Scaramucci recently stated that the current trend remains a typical cyclical correction and has not broken the long-term four-year cycle pattern.
In an interview, Anthony Scaramucci pointed out that although some market views believe institutional entry has changed Bitcoin’s cycle structure, historical behavior shows the four-year cycle remains valid. He mentioned that when Bitcoin approaches the $100,000 high, veteran whales, long-term holders, and miners tend to take profits, and this behavior is part of the cycle itself, reinforcing the market’s self-fulfilling mechanism.
Regarding future trends, Anthony Scaramucci provided a clear timeframe. He expects Bitcoin to re-enter an upward trend in Q4 2026, aligning with the typical cycle rhythm after the halving. Before that, the market may continue to fluctuate sideways. He emphasized that current market sentiment is low, and prices are gradually approaching a cyclical bottom.
On the fundamentals, he believes several structural factors are accumulating, including the advancement of crypto regulatory frameworks, the trend of asset tokenization, and the expansion of stablecoin applications. Additionally, increased participation in bank custody services is boosting institutional confidence. Furthermore, Anthony Scaramucci reaffirmed his long-term bullish outlook, believing Bitcoin is still undervalued compared to gold, with the long-term price potentially reaching $1 million. The fund he manages is also continuously increasing holdings on dips.
However, short-term risks remain. With Trump issuing tough rhetoric on the Strait of Hormuz and ongoing tensions in the Middle East, risk aversion has risen. Bitcoin is currently fluctuating around $68,600, with an intraday low of $67,372. Meanwhile, influenced by rate expectations, Bitcoin’s correlation with US stocks has strengthened, with 24-hour trading volume up about 13%, indicating intensified capital battles.
Amid macro uncertainties and cyclical logic, Bitcoin’s future trajectory still depends on sentiment recovery and liquidity environment changes.
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