Billionaire investor Anthony Scaramucci assessed the situation following the recent decline in Bitcoin and altcoins.
SkyBridge Capital founder Anthony Scaramucci suggested that despite Bitcoin’s five-fold increase since 2023, the real bull market has not yet begun.
The famous investor states that the recent selling wave could be an opportunity to carry Bitcoin to its $150,000 target.
Scaramucci argued that the current market decline is actually a “bullish” sign and is setting the stage for Bitcoin’s next major rally.
In a comprehensive interview, Scaramucci highlighted Bitcoin’s performance over the past year, stating that the five-fold increase in value is just the beginning. He noted that institutional adoption and cash flows into spot Bitcoin ETFs are game-changers, and he predicts these factors will propel the market to unprecedented levels.
One of the key topics of the interview was warnings about the altcoin market. Scaramucci stated that altcoins are facing a “brutal reset” and shared his views on which assets will survive and dominate the market during this cycle.
Reiterating his $150,000 price target for Bitcoin, Scaramucci also made striking remarks about how SEC Chairman Gary Gensler’s policies ironically “accidentally saved” the cryptocurrency industry.
