Policy Reversal and Revaluation of Cryptocurrencies: Scaramucci's Perspective on the New Crypto Opportunities in 2026

The cryptocurrency market next year will experience a significant shift in policy environment. Recently, well-known investor Scaramucci pointed out in an exclusive interview that a cycle of rate cuts, a loose liquidity environment, and the advancement of crypto legislation are expected to create more favorable growth conditions for alternative token assets. In comparison, he described 2025 as a tumultuous year for the industry—markets experienced emotional reversals and position clearing under unforeseen selling pressure.

Pain Points in 2025: Liquidity Shock and Aftershocks of Deleveraging

Looking back over the past year, Scaramucci analyzed the underlying reasons for market pressure. He noted that approximately $4.6 billion in fund outflows, combined with demand for spot ETFs and risk release events around mid-October, triggered a chain reaction. “Large-scale risk de-risking affected market liquidity providers, which in turn triggered a tightening cycle,” he explained. While a 30% decline in Bitcoin is a common fluctuation from a historical perspective, it still came as an unexpected shock to more optimistic traders.

The turning point now is that market sentiment has bottomed out. Scaramucci revealed that his internal optimism has fallen to around 13-14 out of 100 points, and this extreme pessimism has instead accumulated momentum for a rebound. “Once positive news gradually emerges—whether it’s large holders slowing their sell-off, ETF inflows stabilizing, or regulatory breakthroughs—the marginal impact will be greatly amplified.”

Policy Clarity Becomes Key: The Timeline for Bill Passage

Scaramucci emphasized that the crypto market is still awaiting the passage of U.S. market structure legislation (the clarity bill), and delays have already dampened market expectations. Without a clear legal framework, the uncertainty faced by large-scale tokenization industry applications remains a financing bottleneck—“If long-term usage rights cannot be assured, who would be willing to invest trillions of dollars in financial system migration?”

He further linked this to macroeconomic benefits: the global economy spends $3.5-4 trillion annually on transaction settlement verification. If policy innovation can cut this cost in half, the released $2 trillion in capital expenditure could flow into other economic sectors or directly increase individual income levels.

Regarding the probability of bill passage, Scaramucci gave an estimate of “more than 50%.” He believes that the Democrats have realized that “there are no anti-crypto voters,” and capital support related to crypto could play a decisive role in fierce competitions like mid-term elections.

Scaramucci’s Three Major Alternative Token Picks

When asked about his current top preferred alternative tokens, Scaramucci listed his portfolio: Solana, Avalanche, and TON (Telegram Open Network).

Solana ranks first for straightforward reasons: low transaction fees, high throughput, and developer friendliness. Scaramucci emphasized that he is “not an Ethereum opponent,” but rather supports a multi-chain ecosystem.

Avalanche reflects his focus on independent public chain ecosystems.

TON is the most noteworthy choice. Scaramucci admitted that his entry timing was not ideal—initially buying at $7.50, with an average cost approaching $4.00. At the time of the interview, TON was trading around $1.50, but he remains optimistic about its long-term application potential as the Telegram ecosystem expands.

Macro Drivers: Rate Cut Expectations and Policy Stimulus

Scaramucci expects 2-4 rate cut windows next year, which will be a key catalyst for alternative token assets. He believes decision-makers facing mid-term election pressures will favor growth-oriented policies—including capital injection, interest rate cuts, and economic stimulus measures—which will benefit the stock market, alternative token market, and the entire crypto asset class.

Bitcoin Targets and Capital Deployment

For Bitcoin, Scaramucci maintains a long-term forecast of $150,000 and frankly admits, “It might be a year late.” Recently, he increased Bitcoin holdings for his family, betting that ETF inflows and loose policies can dispel the shadow of massive capital outflows in 2025.

As of the time of writing, the total market cap of crypto assets is reported at $2.94 trillion. Supported by policy shifts and marginal liquidity improvements, the alternative token market may see a valuation reshaping window.