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SkyBridge CEO Predicts Bitcoin Will Reach $150,000 by 2025
Anthony Scaramucci, CEO of SkyBridge, highlights that the decline in Bitcoin price this September is not a crash but part of a typical seasonal pattern. He attributes the drop to regular market cycles and tax-related sell-offs.
- Scaramucci points out that Bitcoin's price has decreased by about 3-4%, which he considers standard volatility in the crypto market.
- He emphasizes that September has historically been a challenging month for cryptocurrencies, citing it as a recurring pattern rather than a cause for concern.
- Despite current weaknesses, SkyBridge maintains its prediction that Bitcoin could reach $150,000 by the end of 2025.
- Scaramucci believes strong buying usually occurs in November and December, suggesting these months could be favorable for the market.
- He notes that investor appetite for Bitcoin remains strong, with many waiting for the seasonal downturn to end before purchasing.
- The current slowdown is viewed as a short break, not altering the long-term positive trend for Bitcoin.
