Scaramucci: Trump ‘Memecoins’ Drained Altcoins but Bitcoin Could Hit $150K This Year
Anthony Scaramucci, CEO of Skybridge Capital, blamed the January 2025 launches of Trump-themed memecoins (notably $TRUMP and $MELANIA) for siphoning billions of dollars in liquidity from the altcoin market and triggering a premature altcoin bear market that later affected Bitcoin in October 2025. He said these celebrity tokens pulled capital away from the broader crypto ecosystem, noting the $TRUMP token’s market-cap spike to about $29 billion within two weeks. Despite his critique, Scaramucci praised the administration’s pro-crypto appointments and pending legislation — citing figures such as David Sacks, Paul Atkins, Scott Bessent and Kevin Warsh and the potential passage of the CLARITY Act — and reiterated an optimistic Bitcoin price target of $150,000 by year-end. Skybridge Capital is continuing to buy into the dip, viewing current price weakness as a buying opportunity. Key takeaways for traders: the article highlights liquidity rotation into high-profile memecoins in 2025, a potential historical precedent for rapid capital flows between tokens, and Scaramucci’s bullish $150K BTC forecast which could support increased institutional buying sentiment.
Neutral
The net market effect described is mixed. Scaramucci’s claim that Trump memecoins drained altcoin liquidity is bearish for altcoins and explains past market weakness from 2025, indicating that celebrity/token-driven capital rotation can create short-term instability and extended altcoin underperformance. However, his high-profile endorsement of pro-crypto policy moves and a bullish $150,000 BTC target — plus Skybridge’s continued accumulation — provide a bullish narrative for Bitcoin and institutional demand. For traders, this suggests: short-term: elevated volatility and potential continued pressure on altcoins as speculative flows can reallocate quickly to memecoins or hot narratives; watch liquidity metrics, stablecoin balances and large transfers to exchanges. medium-to-long term: policy clarity and institutional accumulation (if realized) could be supportive for Bitcoin price discovery, aligning with Scaramucci’s optimism. Historical parallels include token-driven pumps in 2020–21 (DeFi and memecoin episodes) where speculative capital rapidly rotated and later returned to majors as regulation and institutional flows matured. Overall, the article is neutral — it documents a bearish mechanism for altcoins but also cites bullish drivers for Bitcoin, leaving the market impact contingent on whether institutional buying and legislative outcomes materialize.