Scaramucci and Novogratz Predict Bitcoin Price Could Reach $70,000 by July – Here’s Why

TLDR

• Anthony Scaramucci and Mike Novogratz say Bitcoin could reach $70,000 by end of July 2026
• Novogratz puts odds at “70/30” if the CLARITY Act moves forward in Washington
• A break above $64,000–$65,000 could push Bitcoin toward $68,000 short-term
• Spot Bitcoin ETFs recorded $85.85 million in daily net inflows, led by BlackRock’s IBIT
• SpaceX’s $2.1 trillion IPO and Strategy’s Bitcoin trades are adding pressure to crypto markets

SkyBridge Capital founder Anthony Scaramucci and Galaxy Digital CEO Mike Novogratz both said Bitcoin could reclaim $70,000 by the end of July 2026. They shared the view on the latest All Things Markets episode.

Scaramucci said market sentiment has turned too negative around Bitcoin. He believes that kind of pessimism often sets the stage for a rebound once fresh buying returns.

Novogratz agreed but was more cautious. He put the odds at roughly “70/30” in favor of a move to $70,000, but said it depends on whether the CLARITY Act makes progress in Washington this summer.

CLARITY Act Could Be the Key

The CLARITY Act would create clearer rules for the crypto market in the United States. Novogratz said he recently met with lawmakers from both parties and still sees interest in passing the bill.

However, talks remain stuck on issues including ethics rules and the legal treatment of privacy software. Galaxy Digital has cut its odds of the bill passing in 2026 to 60%, as Senate time is running short before the August recess.

JPMorgan and Bitwise have also offered cautious views on the bill’s timeline. The window to pass legislation before the recess is narrowing.

Both investors tied the Bitcoin outlook to the broader U.S. debt picture. Novogratz said the country carries about $40 trillion in debt and may need steady inflation to reduce its real value over time. That argument supports Bitcoin as a hard asset.

SpaceX IPO and Strategy Add Pressure

The episode also covered SpaceX’s public listing. The offering drew more than $250 billion in orders, nearly four times what it aimed to raise. SpaceX closed its first day almost 19% above its IPO price, giving it a market value above $2.1 trillion.

ARK bought about $444 million in SpaceX shares. That raised questions about whether capital is moving away from crypto toward large technology listings.

Strategy’s Bitcoin activity also came up. The company sold 32 Bitcoin, then bought 1,550 Bitcoin days later. Its total holdings now sit at 845,256 Bitcoin.

On the technical side, a crypto analyst said Bitcoin needs a clean break above the $64,000–$65,000 range to open a path toward $68,000. A rejection at that level could send Bitcoin back to test the $61,000 support zone.

Spot Bitcoin ETFs recorded $85.85 million in daily net inflows on Sunday, according to SoSoValue data. BlackRock’s IBIT led with $57.69 million, followed by Fidelity’s FBTC at $18 million. Total assets in spot Bitcoin ETFs now stand at $79.65 billion.

Scaramucci said that if selling pressure eases, the current weak sentiment could itself become a bullish signal for Bitcoin.

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