Scaramucci: "Bitcoin Decline, Nothing to Worry About"...Evaluates as a Temporary Trend

▲ Dollar (USD), Bitcoin (BTC)/AI generated image

Anthony Scaramucci, founder of SkyBridge Capital, diagnosed the recent decline in Bitcoin (BTC) as a temporary phenomenon. He assessed that Bitcoin's fundamentals remain solid and are positive in the long term.

According to a Benzinga report on April 23 (local time), Scaramucci attended the Solana Policy Summit and shared his market outlook. Scaramucci explained that Bitcoin's recent weakness is not a structural flaw but rather part of a typical market cycle. It is the result of a complex interplay of macroeconomic factors, geopolitical tensions, and profit-taking by large investors.

Scaramucci predicted that the short-term market correction could continue. The full recovery is likely to occur in late 2026 or early next year. Scaramucci emphasized that regulatory clarity is essential for major banks to fully enter the market. He believes that gradual legislative progress is more favorable for market development than waiting for comprehensive regulatory proposals. He also added that political polarization within the US is delaying the establishment of regulatory policies.

SkyBridge Capital is expanding its altcoin holdings in addition to Bitcoin. To diversify its portfolio, it holds Solana (SOL) and Avalanche (AVAX). It also invests in income-generating securities related to Strategy. The strategy is to focus on long-term growth indicators rather than being swayed by short-term price fluctuations.

Scaramucci assessed that technological advancements, such as the increasing adoption rate of virtual assets and wallet usage, are becoming a strong foundation for the industry. While investors focused on short-term trading may easily present pessimistic outlooks, a long-term perspective reveals significant upside potential. Even in a volatile market environment, the inherent competitiveness of the virtual asset ecosystem is being maintained.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses incurred based on it. The content should be interpreted for informational purposes only.*