Bitcoin (BTC) doesn’t operate by the rules. It seldom complies with schedules. This is the case even for its most passionate fans. Among them is now Anthony Scaramucci.

The founder of SkyBridge Capital has just accepted that his past prediction regarding Bitcoin reaching $170,000 in 2025 was not correct. During the World Economic Forum, Scaramucci made his outlook at the Reuters Global Markets Forum. He now expects BTC to be in the range of $125,000 to $150,000 while candidly admitting the asset often “does whatever it wants”.

Currently, BTC’s price is under $90,000. It is almost a 28% drop from its peak at $125,000 in October 2025. This decline has led to a reality check in the market.

Also Read: Ark Invest Predicts Bitcoin Market Cap to Hit $16 Trillion by 2030

Bitcoin and Cost of Regulatory Optimism

Scaramucci attributed his error to the political scene in Washington. According to him, the Bitcoin community’s expectations regarding the end of the digital asset regulation were very high, almost unrealistic. He himself however later confessed that this was the case.

It could not have been a simpler scenario. The building up of the whole capital market, rise in the institutional confidence, and the prices going up as a consequence were the expectations. What actually happened was the legislative lull.

The Clarity Act is the main reason for the delay. The bill aims at clarifying the jurisdictional boundaries between the SEC and the CFTC. The U.S. crypto market structure is heavily dependent on it and it is viewed as a significant development.

Nevertheless, it has been stalled in the Senate, which in turn has deprived BTC of the regulatory clarity that many investors were relying on.

Bitcoin’s Path Forward Depends on Washington

At the moment, Bitcoin is still trapped in the high $80,000s. The transition to $150,000 is not like a quick race but more like a waiting period.

Bloomberg mentions that the U.S. crypto market structure bill might get postponed now until the end of February or March. The White House is now putting its attention on economic issues that affect “Main Street” more directly. Housing affordability has become a major issue for the Senate and is being discussed as top priority.

The government is now on the side of the institutions and lawmakers are aiming to limit their participation in the market through the backing of government authorities. Once again, BTC is not the main topic of discussion.

The updated prognosis of Scaramucci is a true reflection of a more general situation. The long-term premise of BTC may still hold good, but when it will happen is determined by factors that are completely outside the blockchain. Until there is a clear move from the Washington side, Bitcoin might still follow its own path in making it to the next pricing level.

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