Is $100,000 the Magic Number to Bring Back Bitcoin Investors? Anthony Scaramucci Makes a Bold Case to Buy BTC Now.

Bitcoin is still down more than 33% from its 2025 peak, but SkyBridge’s Anthony Scaramucci argues that longtime holders treated $100k as a key sell trigger and that this rotation pressure may be easing. He also cites a potential tailwind from the convergence of AI agents and blockchain—suggesting Bitcoin could regain upward momentum as new investors rotate in.

Analysis

The market mechanism here is supply overhang, not the round number itself: when a large cohort is underwater or near breakeven, rallies tend to attract supply until a new marginal buyer appears. That means the next leg in BTC is likely to be driven more by ETF flow persistence and leverage reset than by commentary; if spot cannot hold above the psychologically important zone for several sessions, sellers will likely re-emerge quickly. In the next 1-3 months, the key indicator is not sentiment but whether cumulative ETF inflows re-accelerate versus funding rates and open interest.

The AI/blockchain angle is more likely to accrue value to infrastructure than to BTC as an asset. If AI agents eventually need on-chain authentication, payment rails, or auditability, the economic beneficiaries should be exchanges, custodians, and higher-throughput chains, while Bitcoin remains a macro/liquidity proxy with limited direct throughput capture. That argues for relative-value exposure to the picks-and-shovels side of digital assets rather than owning BTC beta outright.

Contrarian view: the consensus may be overrating BTC as the primary beneficiary of an AI narrative. A functional use case for agents would probably favor cheap, fast settlement layers, not the most constrained chain, so BTC could remain a store-of-value trade while capital migrates to ETH/SOL and listed infra. The thesis is falsified if ETF inflows stay strong but BTC still cannot reclaim prior highs, or if on-chain activity fails to improve despite renewed media enthusiasm.

Key Decisions for Investors

• Do not chase BTC beta here; wait for a confirmed reclaim of the $100k area with 3-5 sessions of persistence and improving ETF flows before adding to IBIT/FBTC. If the level fails again, treat the move as a selling opportunity rather than a breakout.
• Relative-value long NVDA / short a crypto beta proxy such as MSTR or COIN over 1-3 months if the market keeps rewarding the AI narrative but BTC remains range-bound. The goal is to own the durable capex winner and fade the more sentiment-dependent leg.
• Watch COIN for a short entry only if spot BTC stalls below resistance while volumes and open interest do not expand; exchange revenue needs churn, not just price. In that setup, downside is cleaner than upside because multiple support erodes quickly when trading activity disappoints.
• For a higher-conviction crypto expression, prefer a tight call spread on IBIT only on a breakout plus flow confirmation; otherwise theta is likely to beat you. Risk/reward is attractive only after the market proves it can absorb the overhead supply.