Scaramucci: "No need to worry about Bitcoin's decline"...Assesses it as a temporary trend

▲ USD, Bitcoin (BTC) / AI Generated Image

Anthony Scaramucci, founder of SkyBridge Capital, diagnosed the decline in Bitcoin (BTC) as a temporary phenomenon. He assessed that Bitcoin's fundamentals remain strong 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 part of a typical market cycle. It is a result of a combination of macroeconomic factors, geopolitical tensions, and profit-taking by large investors.

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

SkyBridge Capital is also increasing 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 increased adoption of virtual assets and wallet usage, are becoming a strong foundation for the industry. While investors focused on short-term trading tend to offer pessimistic outlooks, a long-term perspective still reveals significant upside potential. Even in a highly 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 based on it. The content should be interpreted for informational purposes only.*