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Anthony Scaramucci says a friendlier US policy mix: rate cuts, looser financial conditions, and a renewed push for crypto legislation could set up 2026 as a better tape for “quality” altcoins, even after what he described as an unexpectedly bruising 2025 for the sector.
In a Dec. 31 interview with Altcoin Daily, the SkyBridge Capital founder framed 2025 as a year where positioning and sentiment broke down under selling pressure he said he didn’t anticipate. “There’s probably $4.6 billion of whale selling this year into the ETF demand,” Scaramucci said, arguing that the deleveraging event around Oct. 10 amplified the move.
“There was a massive amount of deleveraging. It impacted some of the market makers. It forced a liquidity crisis,” he added, describing a 30% drop as “garden variety” for bitcoin, but still a surprise for traders leaning bullish.
Scaramucci said he now sees the setup improving precisely because sentiment turned so negative. “We were tilted to the bulls, we’re now decidedly very bearish,” he said, claiming his internal “bull meter” sits around 13 or 14 out of 100. The flip side, he argued, is that incremental good news, less large-holder selling, steadier ETF inflows, or regulatory progress, could matter more than usual.
A central part of Scaramucci’s thesis was that the market still expects US market-structure legislation to pass, and that the timeline matters. “I do think it is detrimental because I do think there is still a market expectation that it’s going to pass. I do think you need that clarity,” he said of the Clarity Act.
Without it, he argued, serious tokenization efforts remain constrained by legal uncertainty: “Who’s going to spend the kind of money that you need to switch over the financial system if you’re not guaranteed that you’re going to be able to use it.”
He also tied the policy fight to a broader economic claim: “There’s between, depending on how you measure it, there’s three and a half to $4 trillion dollars worth of transaction verification expenses in the global economy per year… If you could get that down, let’s say you cut it in half, you could unleash a $2 trillion capital spend in other areas of the economy or just better wages for people.”
Pressed on odds of passage before the midterms, Scaramucci said it should be “north of 50%,” arguing Democrats have learned there is “no anti-crypto voter,” while crypto-aligned spending can be decisive in tight races.
Asked for his current top-three altcoins, Scaramucci named Solana first, followed by Avalanche and Telegram-linked TON. “My three top coins then would be Solana, it would be Avalanche and believe it or not… it would be the Telegram token known as Ton,” he said, while acknowledging he has been early or wrong on timing.
He said he first bought TON at $7.50, averaging near $4.00, while saying it was trading around $1.50 at the time of the interview, but still sees it as a token that could be used across Telegram’s network as it grows.
On why Solana sits at No. 1, Scaramucci kept it simple and comparative: “Cheap, low cost, very fast, easy to use, easy to develop on,” he said, adding he’s “not an Ethereum negative person” and expects “a multicoin world.”
Macro is the other pillar. Scaramucci expects “two to four interest rate cuts” next year and argued a president facing midterms will want growth optics. “He’s going to flood the zone with capital. He’s going to drop interest rates. He’s going to try to perk up the economy,” Scaramucci said. “That bodes well for the stock market… for the altcoin market… and… for crypto.”
For bitcoin, he stuck with his $150,000 call — “I’m off by a year, I think” — and said he recently “bought more Bitcoin” for his family, betting that ETF flows and easier policy can overpower the hangover from 2025’s whale-driven selling.
At press time, the total crypto market cap stood at $2.94 trillion.
