On Saturday, Anthony Scaramucci used a post on X to describe the whiplash of holding Bitcoin through a run-up to $126,000 and a drop to $72,000, arguing the coin itself is unchanged even as emotions swing with the quote. The comments fit his broader view of bear phases laid out in bear market dynamics, where he has said downturns tend to drag on until investors are drained rather than simply scared.
In the post, he wrote that he held the same single bitcoin before a rally and through a bear stretch, but experienced completely different reactions as the price moved. He added that the asset didn’t change while the market price did, ending the message with a confident line about momentum continuing.
Scaramucci has also described bear markets as marathons that end when participants run out of stamina, not when fear finally fades. In that framing, he has argued the bleakest sentiment often shows investors are positioned too lightly for a reversal.
Why Bitcoin’s Price Volatility Matters Now
That emotional gap between …