SkyBridge CEO Anthony Scaramucci has downplayed Bitcoin's recent price decline in September, attributing it to typical seasonal factors rather than a significant downturn. Speaking on CNBC's Squawk Box, Scaramucci described the dip as part of an annual cycle influenced by tax-related selling and profit-taking. He remains confident in Bitcoin's long-term potential, maintaining his forecast that the cryptocurrency could reach $150,000 by the end of 2025. Scaramucci also highlighted that strong buying trends usually emerge in November and December, suggesting a market recovery as seasonal weakness subsides.
SkyBridge CEO Scaramucci Reaffirms $150,000 Bitcoin Target Despite September Dip
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