BlackRock and Scaramucci bullish despite Bitcoin’s drop
4.2 Investments BlackRock and Scaramucci remain bullish on Bitcoin despite a 50–55% drop, citing strong fundamentals, market resilience, and long-term potential. Both see the decline as a healthy reset, not a structural break.
BlackRock remains bullish on Bitcoin despite its price dropping about 50% from its all-time high. The firm emphasizes that Bitcoin’s core investment logic—as an emerging global currency alternative and a portfolio diversification tool—remains unchanged. BlackRock attributes the recent decline to a positioning correction, citing excessive leverage in futures markets, rebalancing by long-term holders, and shifting Federal Reserve rate expectations, rather than a structural break. The company also highlights Bitcoin’s role as a hedge against government currency debasement and notes that its volatility has decreased as the market matures. Meanwhile, Anthony Scaramucci points out that Bitcoin’s 55% decline is less severe than previous bear markets, suggesting stronger demand and greater market resilience. He remains optimistic about Bitcoin’s long-term prospects, citing the 2028 halving as a potential catalyst for recovery above $100,000. Both BlackRock and Scaramucci view the current downturn as a healthy reset, with Bitcoin’s fundamentals and strategic case remaining strong.
