 
 
CEO of Skybridge Capital, Anthony Scaramucci, said that the introduction of Trump cash in January 2025 had a detrimental impression on the cryptocurrency revolution. The previous White Home Communications Director said that the entry of those celeb tokens pressured altcoins right into a bear market and triggered an early Bitcoin collapse in October 2025. Nevertheless, he believes Bitcoin might attain as excessive as $150k by the tip of this yr.
Trump Cash Sucked Liquidity and Precipitated a Untimely Bear Market
The Mooch, as Scaramucci is popularly referred to, mentioned in a latest interview:
“The trade received impaired by the Trump cash, and I do know individuals don’t like speaking about it as a result of they’re nervous concerning the administration. However, the reality be informed, the Trump cash sucked a number of liquidity out of the (altcoin) house as a result of, in my thoughts, the bear market actually began again in January, and it didn’t actually impression Bitcoin until October…”
The “Trump” cash Scaramucci is mentioning right here embody the Official Trump ($TRUMP) and Melania ($MELANIA) cryptocurrencies launched by the US President and the First Girl. The $TRUMP coin, particularly, had a discipline run triggered after the President took the oath. The entire market capitalization reached as excessive as $29 billion inside two weeks.
Scarmucci is subsequently proper to say that the Trump coin sucked billions of {dollars} of fairness from the altcoin market a yr in the past and presumably triggered a untimely altcoin bear market. 2025 was the one calendar yr following a Bitcoin halving that didn’t witness an altcoin increase since 2017.
 
Bitcoin Can Nonetheless Attain $150k
Whereas Scaramucci did criticize the launch of the persona cash, he nonetheless praised the administration’s pro-crypto structural reforms and referred to as Trump the “Crypto President”. Citing the appointment of David Sacks (Crypto Czar), Paul Atkins (SEC Chair), Scott Bessent (Treasury Secretary), and the collection of Kevin Warsh as Fed Chair, in addition to the nearing passage of the CLARITY Act, The Mooch was all praises.
He maintains an formidable $150k worth goal for the tip of the present yr and said that Skybridge Capital is constant its purchases, calling the present worth drop a “purchase the dip” alternative.
Scaramucci is a profitable inventory market investor and maintains a big crypto portfolio at Skybridge Capital. He had a brief 11-day stint with Trump’s White Home cupboard again in 2017, earlier than getting fired by the President unceremoniously after a profanity-laced rant towards fellow staffers.
