Anthony Scaramucci, founder of SkyBridge Capital, has expressed optimism for the altcoin market in 2026, pinpointing Solana, Avalanche, and TON as his top selections. In a recent interview with Altcoin Daily, Scaramucci discussed the challenges faced by altcoins in 2025, largely attributed to substantial selling pressure from prominent holders.
He estimated that nearly $4.6 billion of digital assets were offloaded by major investors throughout the year. This trend coincided with a surge in demand from cryptocurrency exchange-traded funds (ETFs), which failed to elevate prices as anticipated. A significant deleveraging event in October 2025 led to a notable 30% decline in bitcoin”s price, further exacerbating negative market sentiment.
Scaramucci remarked, “There”s probably a large amount of whale selling this year into the ETF demand.” His proprietary sentiment indicator, referred to as the “bull meter,” currently sits at 13 or 14 out of 100, reflecting a predominantly bearish outlook among investors.
Market Catalysts for a Positive Shift
Scaramucci highlighted regulatory clarity as a pivotal factor that could rejuvenate the cryptocurrency market. He referred to the proposed Clarity Act, aimed at establishing a clear legal framework for digital assets. He argued that the existing uncertainty has deterred institutional investment and hindered advancements in the financial system through tokenization. “Who”s going to spend the kind of money that you need to switch over the financial system if you”re not guaranteed that you”re going to be able to use it?” he questioned.
He believes there is a greater than 50% chance that crypto-friendly legislation will pass before the U.S. midterm elections in 2026, bolstered by bipartisan support and increased campaign contributions from crypto-aligned entities. Scaramucci noted that the current global financial system incurs annual costs of $3.5 to $4 trillion for transaction verification, suggesting that blockchain technology could significantly reduce these expenses, thereby unlocking vast productivity gains.
Altcoin Selection Criteria
When discussing his altcoin choices, Scaramucci lauded Solana for its rapid transaction speeds, low costs, and robust developer ecosystem. While he maintains a favorable stance on Ethereum, he believes that Solana currently offers distinct advantages. Avalanche also made his list, although he provided less detail regarding its unique features.
As for TON, associated with the popular Telegram messaging platform, he shared that he initially purchased the token at $7.50 and later averaged down to around $4. At the time of the interview, TON was trading near $1.50. Scaramucci sees the integration of TON with Telegram”s expansive user base as a potential catalyst for user adoption and practical utility.
Future Outlook and Rate Cuts
Looking ahead, Scaramucci forecasts that the U.S. Federal Reserve may implement two to four interest rate cuts in 2026. He anticipates that election-year dynamics will push policymakers to foster economic growth, creating a more favorable climate for both equities and digital assets. Scaramucci recently added more bitcoin to his family portfolio, maintaining a long-term price target of $150,000, despite delays in reaching that milestone. He asserted that improved ETF inflows, reduced whale selling, and clear regulatory guidelines could collectively aid in the recovery of crypto markets in 2026. With current investor sentiment remaining subdued, he suggested that even modest improvements in market conditions could lead to significant gains for quality altcoins.
