Scaramucci and Novogratz Say Bitcoin Could Hit $70,000 by July

Overview

• SkyBridge founder Anthony Scaramucci and Galaxy CEO Mike Novogratz said on June 13 that Bitcoin could reclaim $70,000 by the end of July if fresh buying returns to the market.
• Novogratz assigned roughly a 70% chance for that outcome conditional on progress for the CLARITY Act and said U.S. fiscal pressures support Bitcoin as a hard-asset hedge.
• Negotiations over the CLARITY Act are stalled on ethics rules and treatment of privacy tools, and Galaxy has lowered its independent odds of passage this year to about 60%.
• Spot Bitcoin ETFs recorded modest net inflows of about $85.85 million on a recent Sunday led by BlackRock’s IBIT and Fidelity’s FBTC, while large non-crypto flows from the SpaceX IPO and ARK’s ~ $444 million allocation pose competing demands for capital.
• Institutional activity is mixed: a firm labeled 'Strategy' sold 32 BTC then bought 1,550 BTC, technical resistance sits near $64,000–$65,000 with support around $61,000, and markets will watch ETF flows, corporate buys, and CLARITY Act movement for confirmation.