In recent weeks, as September ushers in a familiar downturn for Bitcoin’s price, Anthony Scaramucci, the CEO of SkyBridge, offers a calming perspective, assuring investors that this is far from a market crash. Rather, Scaramucci articulates that the current market softness is an intrinsic component of Bitcoin’s predictable annual cycles. Speaking on CNBC’s Squawk Box, he meticulously explained that these periodic fluctuations, though sometimes unsettling, do not fundamentally alter Bitcoin's long-term bullish trajectory. This nuanced understanding allows him to confidently maintain his optimistic outlook and initial price targets.
Scaramucci meticulously points out that September has historically presented a challenging environment for both Bitcoin and the broader cryptocurrency market. He emphasizes that "September lows are typical," attributing this recurring pattern to a confluence of factors. A significant portion of the selling pressure often stems from individuals and institutions liquidating assets to manage tax obligations. Concurrently, other investors strategically realize profits after experiencing substantial gains in previous months. These well-established seasonal behaviors, Scaramucci argues, mean that the current dip in Bitcoin's valuation should be perceived not as a harbinger of doom, but as a predictable and integrated element of its market evolution.
Describing the recent three to four percent decline in Bitcoin’s price as nothing more than "typical volatility," the SkyBridge CEO underscored an essential characteristic of the cryptocurrency market. He posits that price swings of this magnitude are par for the course in such a dynamic asset class and should not serve as a deterrent for committed investors. To further substantiate his claim, Scaramucci drew attention to Bitcoin's nearly 15-year operational history, during which September has consistently been a month associated with price corrections. This extensive historical data, he contends, strongly suggests that the contemporary market behavior is merely a continuation of past patterns, rather than an indication of an impending collapse. His counsel to investors is to embrace this as a seasonal rhythm, distinct from any fundamental weakening of the asset.
Despite the customary September weakness, Scaramucci's global investment firm remains steadfast in its bold prediction: Bitcoin is firmly on track to reach an impressive $150,000 by the close of 2025. His profound confidence in Bitcoin's enduring future is rooted in the belief that the cryptocurrency's long-term trajectory unequivocally points towards significantly higher valuation levels. Looking ahead, he anticipates a robust resurgence of buying activity during the concluding two months of the year. Specifically, he forecasts that November and December will emerge as particularly auspicious periods for the market, driven by renewed investor enthusiasm and capital inflows.
Moreover, Scaramucci’s observations indicate a persistently strong and growing appetite for Bitcoin among a diverse range of investors. He theorizes that a substantial segment of the market is currently in a holding pattern, patiently awaiting the optimal moment to either initiate or augment their positions. Once the temporary seasonal softness dissipates, he fully expects a significant influx of buyers, which will inevitably propel demand upwards. The SkyBridge CEO further clarifies that the present market deceleration is merely a brief interlude, following an extended period of positive performance. Scaramucci's overarching message is clear: these September dips are not harbingers of disaster, but rather transient phenomena. He maintains that the long-term direction of Bitcoin remains unequivocally positive, with its price poised for substantial appreciation as the year progresses and well into the future.
