Anthony Scaramucci says OG Bitcoin holders sold at $100K after 10-15 years, while Standard Chartered targets $100K by year-end as Treasury buybacks boost BTC liquidity outlook.
Anthony Scaramucci, founder and managing partner at SkyBridge Capital, says longtime Bitcoin (BTC) holders used the $100,000 price level as a trigger to exit positions they had held for 10 to 15 years. Speaking at the Wyoming Blockchain Symposium in Jackson Hole on Aug. 19, Scaramucci told The Block that those sales added to broader selling pressure as the market moved past expectations of a "super cycle."
"A lot of OGs holding positions for 10, 15 years, they saw $100,000 per coin as a magic number for them, and they sold," he said. Some market participants had entered the year expecting BTC to break from its historical four-year cycle. As those expectations collided with reality, Scaramucci argued the selling became a "self-fulfilling prophecy."
Bitcoin's Holder Base Is Shifting Toward Institutions
John Darsie, CEO of SALT and partner at SkyBridge, said the changing holder base reflects a broader maturation of the Bitcoin market. Long-term holders and early libertarian adopters are gradually selling portions of their positions. At the same time, institutions, financial advisers, family offices, and sovereign wealth funds from Singapore and the Middle East are increasing their BTC allocations. Darsie said the shift has contributed to lower volatility and could be healthy if Bitcoin continues to develop as a store of value.
Scaramucci also spoke about the growing overlap between blockchain technology and artificial intelligence. He said AI agents making transactions in the future would "most likely" conduct them over blockchains. Darsie extended that view to infrastructure and capital allocation, pointing to Bitcoin miners already diversifying into AI compute as one early example of the convergence.
Related Article:3 Ways Bitcoin Price Could Hit $1M, According to BTC Bulls
Standard Chartered Eyes $100K BTC by Year-End on Treasury Buybacks
Standard Chartered analyst Geoff Kendrick said in a client note shared on Aug. 19 that Bitcoin could reach $100,000 by year-end, pointing to improving liquidity conditions and a key technical level at $65,500. A break above that threshold, he wrote, could confirm that the cycle low is already in. Kendrick also highlighted the US Treasury Department's announcement that it will at least double the maximum size of buyback operations for 10- to 20-year and 20- to 30-year nominal coupon securities from $2 billion to at least $4 billion per operation. The expanded program runs from Sept. 9 through Nov. 4.
The Treasury announcement sent long-dated bond yields sharply lower and sparked a BTC rally of more than 6%, pushing the price to nearly $69,000 during US morning trading on Aug. 19, its highest level since early June. "Investors should now be positioning for a move to $100,000 by year-end 2026," Kendrick wrote. He described the Treasury's action as "exactly the type of thing Bitcoin loves," citing BTC's fixed supply and its historical tendency to benefit from government liquidity interventions.
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