Disclaimer: Information found on CryptoreNews is those of writers quoted. It does not represent the opinions of CryptoreNews on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoreNews covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.
Anthony Scaramucci Discusses the Psychology Behind the Bear Market in Cryptocurrency, 2026/02/23 19:50:11
The CEO of SkyBridge Capital, Anthony Scaramucci, stated that the primary concern for the cryptocurrency market at present is the duration of its bearish phase. Scaramucci urged investors to continue acquiring Bitcoin.
The head of SkyBridge Capital shared a tweet attempting to clarify the psychology of traders during a bearish trend. According to Scaramucci, the market hits its bottom not during widespread panic, but when investors become mentally fatigued and cease selling. When sellers are completely exhausted and there are no more willing to offload their cryptocurrencies, the market subtly begins to turn upward.
“Yes, we are in a bearish trend. The question is not whether it exists, but how long it will last. In every cycle, there are always skeptics proclaiming that it’s all over. But let’s look deeper. If this were panic due to currency devaluation, Bitcoin should have surged. I have experienced nine bear markets — when traders are pessimistic, they typically do not invest enough. And bear trends usually conclude when sentiments reach their peak. Cycles do not die from fear. They die from exhaustion — and we are approaching that,” Scaramucci wrote on social media platform X.
Related Posts
According to the executive’s observations, there is currently a divide between the capital of younger investors, who are purchasing cryptocurrencies, and the funds of older, more experienced investors, who tend to favor gold and silver. The capital of large firms remains heavily controlled by the older generation, which is redirecting funds into traditional, less volatile assets, Scaramucci believes.
In January, the financier lowered his expectations for Bitcoin’s price. Scaramucci had anticipated that Bitcoin would reach $170,000 by the end of the previous year. He now believes that the leading cryptocurrency could hit $150,000 by 2026. He attributed the change in forecast to the fact that U.S. lawmakers have yet to enact necessary cryptocurrency regulation laws.
Previously, the CEO of SkyBridge Capital indicated that meme coins associated with the family of U.S. President Donald Trump negatively impacted the cryptocurrency market. Scaramucci contended that Trump’s tokens siphoned billions of dollars from the altcoin market, triggering a sharp decline in Bitcoin.
