Bitcoin could climb back above $100,000 despite heavy selling by longtime holders, according to Anthony Scaramucci, while Standard Chartered separately forecasts the token reaching that level by year-end 2026. Speaking at the Wyoming Blockchain Symposium in Jackson Hole on Aug. 19, the SkyBridge Capital founder said investors who had held Bitcoin for 10 to 15 years treated $100,000 as a "magic number" and sold when it was reached. He said those sales added to pressure after expectations for a Bitcoin "super cycle" faded and the market reverted to its familiar boom-bust pattern. John Darsie, CEO of SALT and a partner at SkyBridge, said ownership is gradually shifting from early libertarian adopters toward institutions, financial advisers, family offices and sovereign wealth funds from Singapore and the Middle East. He said the transition has helped reduce volatility and could support Bitcoin’s role as a store of value. Standard Chartered analyst Geoff Kendrick said improving liquidity conditions and a move above $65,500 could confirm that the cycle low is already in. He also identified expanded U.S. Treasury buybacks as a catalyst after Bitcoin rallied more than 6% to nearly $69,000 in U.S. morning trading on Aug. 19.