The Bitcoin price is falling again In September, but Skybridge CEO Anthony Scaramucci says there is no reason to call it a crash. He explained to one CNBC Squawk Box segment that the current weakness is part of a regular cycle that takes place almost every year. According to the CEO, short -term fluctuations are not changing the wider image for Bitcoin. For this reason, Scaramucci says that he retains his bullish view and does not change his prediction.
Scaramucci says Bitcoin Prize September is weakly seasonal
Anthony Scaramucci says that September has traditionally been a challenging month Bitcoin and other cryptocurrency companies. In his words: “September Lows are typical.” He explained that part of the sale comes from people who erase taxes, while others simply take a profit after a substantial profit of the past months. That is why he does not see the current weakness in the Bitcoin price as a warning signal.
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Scaramucci noted that the Bitcoin price has gone out of around three to four percent, but it described this movement as ‘typical volatility’. According to him, the swings are of this size normally in the cryptomarket And should not discourage investors.
He also reminded people that Bitcoin has been around for about 15 years and that September has often been a month of price dips. According to him, this is proof that what is happening now is Only a repeat of the past. Instead of worrying about the decrease, Scaramucci wants investors to understand that this is a season pattern and not the start of a collapse.
Skybridge CEO maintains $ 150,000 Bitcoin -target for 2025
Even with the weakness in September, Scaramucci says the global investment firm remains committed to His prediction that the digital active could reach $ 150,000 by the end of 2025.
The Skybridge CEO remains confident in the future of Bitcoin, Explanation that the long -term process of the cryptocurrency continues to indicate considerably higher levels. He believes that a strong purchase usually takes place in the last two months of the year. That is why he thinks that November and December will be good times for the market.
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Scaramucci also noted that the The hunger for Bitcoin remains strong. According to him, many people just wait at the right time to make a purchase, and as soon as the seasonal weakness is over, he expects buyers to return to large numbers.
The CEO of Skybridge further explained that the current delay is not changing the larger trend. He only called it a short break after months of positive movements. The message from Scaramucci is that the September dips do not mean a disaster. According to him, the direction in the long term remains certain, and the Bitcoin price is Still on schedule for considerable profit As the year progresses.
Featured image of dall.e, graph of tradingview.com