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Bitcoin likely to rise despite fear; Senate must act fast on CLARITY Act to support crypto industry

Market News
23 Jul 2026
Benzinga
View Source
Bullish
Bitcoin likely to rise despite fear; Senate must act fast on CLARITY Act to support crypto industry

Anthony Scaramucci, founder of SkyBridge Capital, said Bitcoin is expected to gradually increase in value despite current negative market sentiment, which he attributes to investor fear rather than poor fundamentals. He highlighted limited Bitcoin supply and historically low fear levels as positive signs for future price gains. Scaramucci also warned that the Senate has only about two weeks before the August recess to pass the CLARITY Act, which aims to regulate crypto with new ethics provisions. Failure to pass the bill could push crypto companies to expand overseas. He remains optimistic about companies building blockchain infrastructure, citing firms like Coinbase and Circle Internet Group as well-positioned for growth in the digital asset economy.

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