Scaramucci points to $100,000 bitcoin as ‘magic number’ for OG sellers, eyes AI-blockchain convergence
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Anthony Scaramucci said $100,000 became a key selling level for some longtime bitcoin holders last year, helping add to selling pressure as the market moved beyond expectations of a "super cycle.
Key facts
Anthony Scaramucci said $100,000 became a key selling level for some longtime bitcoin holders last year, helping add to selling pressure as the market moved beyond expectations of a "super cycle
John Darsie, CEO of SALT and partner at SkyBridge, said bitcoin's changing holder base is part of a broader maturation process
Scaramucci also expects blockchain technology to play a role in the development of agentic AI
Darsie argued that the shift has contributed to lower volatility and could be healthy if bitcoin continues developing as a store of value
Summary
"Frankly, a lot of OGs holding positions for 10, 15 years, they saw $100,000 per coin as a magic number for them, and they sold," Scaramucci, founder and managing partner at SkyBridge Capital and chairman of SALT, told The Block's Kelvin Sparks at the Wyoming Blockchain Symposium in Jackson Hole. Scaramucci said some market participants had entered the year expecting a "bitcoin super cycle," while others maintained that the cryptocurrency remained subject to its historical four-year pattern. John Darsie, CEO of SALT and partner at SkyBridge, said bitcoin's changing holder base is part of a broader maturation process. Scaramucci also expects blockchain technology to play a role in the development of agentic AI.