SkyBridge Capital founder: BTC returns to the $100,000 catalyst or will have to wait another 20 months

Comparatively, according to Yahoo Finance, SkyBridge Capital founder Anthony Scaramucci said in a CNBC interview that Bitcoin's current narrow fluctuation is due to three factors: miners turning resources to AI, capital inflows into AI, and cryptocurrency's position in the four-year market cycle.

He still expects Bitcoin to rise to $100,000, but the next catalyst could take 20 months. He pointed out that Bitcoin is in a “clear bear market,” but the current round's decline was only about 55%, far lower than the 75%-80% in the previous cycle. Instead, this is a positive sign — meaning that a large number of net buyers are preparing for the next round of the bull market. Bitcoin outperformed the S&P 500 for only about one-third of the past three months, but this Monday and Tuesday outperformed major US stock indices for two consecutive days.