Anthony Scaramucci identified Solana, Avalanche and TON as his three preferred altcoins, arguing that expected Federal Reserve rate cuts and potential crypto legislation could create better market conditions in 2026 despite what he called an unexpectedly difficult 2025.
What Happened: Whale Selling
The SkyBridge Capital founder told Altcoin Daily in a Dec. 31 interview that he recently purchased additional Bitcoin for his family, maintaining his $150,000 price target despite acknowledging the timing was off by a year
Scaramucci attributed 2025's market weakness to approximately $4.6 billion in whale selling that flowed into ETF demand, compounded by what he described as a liquidity crisis around Oct. 10.
"There was a massive amount of deleveraging. It impacted some of the market makers. It forced a liquidity crisis," he said, noting that while a 30% drop was "garden variety" for Bitcoin, it still surprised bullish traders.
He said his internal "bull meter" currently registers around 13 or 14 out of 100, reflecting what he characterized as decisively bearish sentiment. The shift from bullish positioning earlier in the year creates conditions where incremental positive developments could have outsized impact, he argued.
Also Read: Jesse Eckel Forecasts Bitcoin Will Peak Between $170K And $250K During 2026
Why It Matters: Legislative Clarity
Scaramucci said market participants still expect U.S. market-structure legislation to pass, and the lack of regulatory clarity constrains tokenization efforts. "Who's going to spend the kind of money that you need to switch over the financial system if you're not guaranteed that you're going to be able to use it," he said regarding the Clarity Act.
He estimated transaction verification expenses in the global economy at $3.5 trillion to $4 trillion annually.
Cutting those costs in half through blockchain adoption could redirect $2 trillion toward capital spending or higher wages, he said, framing the policy debate around economic efficiency rather than technology alone.
On his altcoin selections, Scaramucci described Solana as "cheap, low cost, very fast, easy to use, easy to develop on," while clarifying he is not negative on Ethereum and expects "a multicoin world."
He said he first purchased TON at $7.50, averaging near $4.00, and sees potential for the token's use across Telegram's network despite it trading around $1.50 at the time of the interview.
Read Next: US Banks' Push To Ban Stablecoin Interest May Give China Competitive Edge, Coinbase Executive Says
