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.

Bitcoin price chart from TradingView.com