Bitcoin's Autumn Volatility Deemed 'Seasonal' by SkyBridge CEO, Bullish $150,000 Target Stands Despite Bitcoin experiencing another price dip this September, SkyBridge CEO Anthony Scaramucci remains unfazed, asserting that the current weakness is merely a predictable seasonal pattern, not a "crash." He stands firm on his projection for Bitcoin to reach $150,000 by the end of 2025, urging investors not to be deterred by short-term fluctuations.
September's Dip: A Recurring Cycle
Scaramucci explained in a recent CNBC Squawk Box segment that September has historically been a challenging month for Bitcoin and other cryptocurrencies. He characterized the recent price movements as "typical volatility," attributing the selling pressure to factors such as individuals clearing tax obligations and investors cashing in profits after significant gains in preceding months. For Scaramucci, these short-term movements do not alter the broader, positive trajectory of Bitcoin, making the current decline an expected part of the market's annual cycle.
Unwavering Confidence Towards a $150,000 Horizon
The SkyBridge CEO emphasized that his firm's bullish outlook remains unchanged. He believes the underlying appetite for Bitcoin is still robust, with many investors simply awaiting opportune moments to increase their holdings. Scaramucci anticipates a resurgence of strong buying activity in the final two months of the year, historically favorable periods for the crypto market. His message to investors is clear: the current dip is a transient phase, a "short break after months of positive moves," and does not signal an impending collapse for the digital asset, which he firmly expects to hit $150,000 by the close of 2025.
