Scaramucci on perpetual futures: 'You have to accept what's coming, whether you like it or not'

Anthony Scaramucci argues perpetual futures should be regulated rather than debated, as the technology is already here. He sees Bitcoin's current weakness as consistent with its four-year halving cycle, but shallower due to institutional ETF buying. He predicts a Bitcoin rally starting late Q4 2026 into early 2027. He defends MicroStrategy's position, noting its fortress balance sheet and favorable NAV arbitrage. He highlights extreme apathy and low RSI as contrarian bullish signals.

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Bitcoin cautious up

SkyBridge Capital 7.5
Hedge Fund $3.50B
Anthony Scaramucci 8.0

Scaramucci on perpetual futures: 'You have to accept what's coming, whether you like it or not'

BTC

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No mention of US dollar index or currency markets.

metals

No mention of gold, silver, or other metals.

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No direct mention of Nasdaq or tech stocks. Bitcoin is compared to Micron Technology in market cap size, but no directional view on NDX.

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No mention of Russell 2000 or small caps.

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No mention of oil or energy commodities.

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No mention of bond yields or interest rates.

Introduces Anthony Scaramucci as a major supporter of perpetual futures and founder of SkyBridge Capital.

Host
Asks why Scaramucci is a proponent of perpetual futures.

Host
Anthony Scaramucci

Perpetual futures technology is here and will be used; better to regulate them than debate their existence.

Acknowledges there are elements he dislikes, but takes a realist approach: the technology has been used in crypto for a decade and people will continue using it.
Asks if SkyBridge employs perpetual futures as a product.

Host
Anthony Scaramucci

SkyBridge has used perpetual futures in crypto markets and the HYPE system for IPO indications, but not materially on stock and bond side yet.
Asks about Bitcoin's current move and the bullseye on MicroStrategy's holdings and average price, given predatory market dynamics.

Host
Anthony Scaramucci

Bitcoin's current weakness is consistent with its four-year halving cycle; expects a rally starting late Q4 2026 into early 2027.

Bitcoin is down ~50% from highs versus typical 60-70% drawdowns, buffered by institutional ETF buying. RSI is at all-time lows, apathy is extreme, Google searches are way down. Bitcoin's market cap is only the size of Micron Technology, so small demand moves price significantly.
Anthony Scaramucci

MicroStrategy is not in trouble; it has a fortress balance sheet, bought back converts recently, and trades at 1.2-1.3x NAV, providing arbitrage comfort.

Michael Saylor has deep capital access. The stock's NAV premium gives investors comfort with the trade.
Anthony Scaramucci

He owns a lot of Bitcoin and is talking his book, but believes the setup is right where expected in the four-year cycle.

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