Bitcoin prices are falling again This September, however, Skybridge CEO Anthony Scarumucci says there's no reason to call it a crash. He explained in a The CNBC Squawk Box segment says the current weakness is part of the normal cycle that occurs almost every year. According to the CEO, short-term fluctuations do not change the wider image of Bitcoin. For this reason, Scaramucci says he maintains his bullish outlook and has not changed his predictions.
Scaramucci says Bitcoin's price is seasonal
Anthony Scaramucci says September has been a historically challenging month Bitcoin and other cryptocurrency businesses. In his words, “The September lows are typical.” He explained that part of the sale comes from people who remove taxes, while others have only made a significant profit from the past few months. For this reason, he does not see the current weakness in Bitcoin prices as a warning sign.
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Scaramucci noted that Bitcoin prices fell by about 3-4%, but described the move as “typical volatility.” According to him, this size of shaking is Usually in the crypto market Investors should not be discouraged.
He also reminded people that Bitcoin has been around for about 15 years and that September often marks a month's price decline. According to him, this is what is happening now A mere repetition of the past. Instead of worrying about drops, Scaramucci wants investors to understand that this is a seasonal pattern, not the beginning of a collapse.
Skybridge CEO maintains a $150,000 Bitcoin target in 2025
Even in September's weakness, Scaramucci said, according to global investment firm I'm still committed We expect digital assets to reach $150,000 by the end of 2025.
Skybridge CEO remains Be confident in the future of Bitcoin It explains that the long-term trajectory of cryptocurrencies continues to point to fairly high levels. He believes that strong purchases usually occur in the last two months of the year. For this reason, he believes November and December will be a good time for the market.
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Scarumucci also observed that. My appetite for Bitcoin continues to be strong. In his view, many people are just waiting for the right time to buy, and once the seasonal weaknesses are over, he expects to see a massive return of buyers.
Skybridge CEO further explained that the current slowdown will not change a major trend. He called it a short break after months of positive movements. Scaramucci's message is that the September dip doesn't mean disaster. He said the long term direction is certain, and Bitcoin prices are Still going well for a big profit As the year progresses.
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