SkyBridge Capital founder Anthony Scaramucci is positioning for a possible rebound in the cryptocurrency market, naming Solana, Avalanche and TON as his top altcoin picks heading into 2026. His outlook follows what he describes as a challenging period for altcoins in 2025, marked by heavy selling from large holders and strained market liquidity.
Speaking in a late December interview with Altcoin Daily, Scaramucci said the past year placed sustained pressure on altcoins as so-called whales sold into rising demand linked to cryptocurrency exchange-traded funds. He pointed to a deleveraging event in October that intensified the sell-off, contributing to broader market instability and a sharp pullback in bitcoin prices.
According to Scaramucci, liquidity constraints among market makers helped trigger a roughly 30% decline in bitcoin at one point, weighing on sentiment across digital assets. His internal market indicator currently reflects deeply bearish conditions, a setup he views as a potential precursor to recovery rather than a long-term signal.
A shift toward selective optimism
Despite the subdued sentiment, Scaramucci sees several catalysts that could improve conditions over the next year. Reduced selling by large holders, more consistent ETF inflows, and clearer regulatory guidance in the United States could help restore confidence, he said.
Regulation remains a central theme in his outlook. Scaramucci highlighted the importance of U.S. market-structure legislation, specifically referencing the proposed Clarity Act. In his view, ongoing legal uncertainty discourages major investments in tokenization and limits institutional participation.
He estimates that the chances of meaningful legislation passing before the next midterm elections are better than even, citing bipartisan interest and growing political engagement from the crypto sector.
Why Solana, Avalanche and TON
Among altcoins, Solana tops Scaramucci’s list. He described the network as fast, cost-efficient and attractive to developers, qualities he believes position it well in what he calls a “multicoin world.” While bullish on Solana, he emphasized that his outlook does not diminish his long-term confidence in Ethereum.
Scaramucci also highlighted Avalanche for its scalability and enterprise-focused design, and TON, the token associated with Telegram’s ecosystem. He acknowledged purchasing TON at higher levels before adding to his position at lower prices, pointing to its potential use across Telegram’s vast user base as a key factor.
Macro forces and bitcoin conviction
Looking beyond individual tokens, Scaramucci expects broader economic conditions to play a role in shaping crypto markets. He forecasts two to four interest rate cuts in the coming year, suggesting that political incentives tied to economic growth ahead of elections could support both equities and digital assets.
He also revealed that he recently bought additional bitcoin for his family, maintaining confidence that ETF inflows and a more accommodative monetary environment could counteract the selling pressure seen in 2025. While he acknowledged that his previous price target for bitcoin has been delayed by about a year, his long-term view remains unchanged.
Looking ahead
Scaramucci’s outlook reflects cautious optimism rather than outright exuberance. After a period marked by deleveraging and weak sentiment, he sees 2026 as a year where improved regulation, easing monetary policy and selective adoption could help stabilize and potentially revive parts of the crypto market. For investors, his message is clear: patience, diversification and an eye on macro and regulatory signals may matter as much as picking the right token.
