Woofun AI reports that Anthony Scaramucci, founder of SkyBridge Capital, identified the $100,000 mark as a critical psychological anchor for Bitcoin during his address at the Wyoming Blockchain Symposium in Jackson Hole. Rather than signaling a permanent downturn, this price level served as a primary exit point for early adopters, yet Scaramucci maintains that the asset is poised to recover above this threshold despite the immediate supply pressure.

The mechanics of this correction are driven by long-term holders realizing gains after holding for 10 to 15 years, a dynamic that intensified following the 2025 peak. Scaramucci rejected the notion of an uninterrupted 'super cycle,' arguing that Bitcoin remains subject to established market rhythms where self-fulfilling selling expectations can amplify volatility.

However, he characterized the current drawdown as historically mild, estimating a 55% decline compared to previous bear market corrections of 75% to 80%, with the 2028 halving positioned as a future supply catalyst.

Woofun AI data shows a structural shift in ownership, as SALT CEO John Darsie noted that while OGs take profits, financial advisers and family offices are increasingly accumulating Bitcoin. This transition toward institutional depth is supported by Standard Chartered, which maintained a $100,000 year-end target for Bitcoin. Geoffrey Kendrick, the bank's global head of digital assets research, argued in June that forced selling has largely subsided, framing lower prices as an attractive accumulation zone for new capital.

Beyond traditional market cycles, Scaramucci highlighted the convergence of artificial intelligence and blockchain as a key growth vector, expecting AI agents to utilize blockchains as settlement rails. Darsie echoed this sentiment, pointing to miners pivoting toward AI computing and identifying energy, robotics, fintech, and digital assets as interconnected investment themes. This integration suggests that infrastructure development will play a pivotal role in sustaining demand alongside price appreciation.

The Wyoming event convened investors, policymakers, and builders to discuss the intersection of Bitcoin, infrastructure, and decentralized AI, reflecting a broader industry focus on utility-driven adoption. This gathering underscores a shift from speculative trading to foundational development, positioning the market for a more resilient long-term trajectory.