Wall Street Heavyweights Eye $70K Bitcoin Return by Mid-2026

Two prominent voices in institutional crypto investment have thrown their weight behind a bullish Bitcoin forecast, projecting the world’s largest cryptocurrency will climb back above $70,000 within the next eighteen months.

Anthony Scaramucci, who runs SkyBridge Capital and previously served as White House Communications Director, alongside Mike Novogratz, head of digital asset firm Galaxy Digital, both anticipate BTC reaching the $70,000 mark by July 2026. This prediction comes as Bitcoin continues to consolidate after its dramatic rally to all-time highs above $73,000 in early 2024.

Institutional Confidence Remains Strong

The forecast from these two heavyweight investors signals sustained confidence in Bitcoin’s long-term trajectory despite recent market volatility. Both Scaramucci and Novogratz have built reputations for relatively measured takes compared to crypto’s more exuberant personalities, lending credibility to their timeline. Their firms collectively manage billions in digital assets and maintain close ties to traditional finance, making their outlook particularly noteworthy for institutional observers.

Bitcoin currently trades well below the predicted $70,000 threshold, meaning the forecast implies significant appreciation over the coming quarters. The timeline also conveniently positions just ahead of Bitcoin’s next halving cycle effects fully materializing in the market. Historically, BTC has shown strength in the 12-18 months following each halving event, which reduces the rate of new supply entering circulation.

Market watchers will scrutinize whether improving regulatory clarity, potential spot Bitcoin ETF inflows, and macro factors align to support this bullish scenario. While predictions from high-profile figures often move sentiment short-term, crypto investors have learned that price targets rarely unfold on exact schedules. Nonetheless, the alignment between two major institutional players suggests growing conviction that Bitcoin’s best days remain ahead rather than behind.

Based on reporting by the original source.