SkyBridge founder: The four-year cycle of Bitcoin is still ongoing, and prices are expected to rise in Q4

According to market news, SkyBridge founder Anthony Scaramucci stated that the current Bitcoin bear market can be explained by the four-year cycle theory and long-term holders selling at the psychological price level of $100,000. He pointed out that while the inflow of institutional investors and Bitcoin ETFs has made the four-year cycle "milder," it has not completely eliminated this traditional cycle, and the collective belief of market participants can create a self-fulfilling prophecy.

He predicts that Bitcoin will show a volatile trend for most of 2026, with a rise beginning in the fourth quarter as it enters a new bull market cycle. Scaramucci mentioned that market participants, including himself, had generally expected Bitcoin to rise to $150,000 in 2025 due to the pro-crypto agenda of the Trump administration and a warming regulatory environment, but the market crash in October completely shattered this consensus.

He cited the example of Bitcoin's performance in early 2023 following the FTX crash in November 2022, illustrating that the market often operates in the opposite direction of mainstream sentiment, with bull markets typically beginning during periods of "extreme apathy and lack of interest." The current bear market is considered a "normal" adjustment consistent with past corrections.