Bitcoin go reach $70K by July: Scaramucci, Novogratz dey back BTC rebound
SkyBridge Capital founder Anthony Scaramucci and Galaxy Digital CEO Mike Novogratz talk say e fit make Bitcoin reach $70K by July 2026, and main short-term driver na be better market sentiment and possible US regulatory progress.
For SkyBridge "All Things Markets" episode, Scaramucci talk say if market too negative, e fit trigger Bitcoin go $70K by July. He talk say new buying fit push BTC back above $70,000 soon.
Novogratz balance am, put chance about "70/30" if the proposed US CLARITY Act move forward. He say dem dey talk across party lines, but some wahala include ethics rules and how law go treat privacy software.
For macro matter, Novogratz join the Bitcoin idea to US debt (around $40T). He talk say US maybe no fit outgrow the debt without some sustained inflation, so that one support Bitcoin as hard-asset hedge—though he warn say inflation fit happen if public trust fall.
Market background sef don get more risk: SpaceX IPO (them call am possible liquidity drain) draw plenty demand, while crypto reportedly sell off around same time. The episode still mention Strategy small Bitcoin sell and later buy back, with total holdings rise to 845,256 BTC.
Bottom line for traders: Bitcoin to $70K by July 2026 depend on sentiment, CLARITY Act movement, and whether big tech IPO flows go continue to drain liquidity from crypto.
Bullish
Di article dey constructive for BTC because two big crypto execs clear put road to “Bitcoin go $70K by July” outcome. Scaramucci talk dey based on sentiment (too negative, so rebound fit happen), while Novogratz add conditional catalyst: progress on the CLARITY Act (him describe am as 70/30 type scenario). For history, when credible regulatory momentum match with better positioning, BTC dey often get faster upside follow-through.
But the tone no pure bullish. The piece show macro uncertainty (US debt fit need inflation—good for hard-asset bid, but people fit lose trust for policy) and competing liquidity story from big IPOs like SpaceX, wey fit put pressure on risk assets and crypto short-term.
Net effect for traders: short-term volatility likely go remain around political/regulatory headlines and broader liquidity conditions (IPO/tech bid vs crypto). Long-term, if CLARITY Act momentum dey continue and market still price BTC as inflation/real-debt hedge, the thesis dey support higher chance to revisit $70K. Na why dem categorize the impact as bullish rather than neutral.