Scaramucci: Bitcoin price today is ‘where it should have been in 2022’
Bitcoin’s dip below $100,000 reflects where it should have traded at years ago, says Anthony Scaramucci
Speaking on Monday’s CNBC ‘Squawk Box’ segment, the SkyBridge Capital founder and managing partner stated that Bitcoin’s btc0.5% price of around $98,000 is “where it should have been in 2022.” He noted that the approval of a Bitcoin spot exchange-traded fund in January 2024 should have occurred in the first quarter of 2022.
This delay, he argued, “caused a lot of the price damage,” leading to Bitcoin’s prolonged weakness throughout most of 2022. It was not until March 2024 that Bitcoin once again surpassed $60,000.
However, Scaramucci believes that today’s crypto market benefits from a Trump White House implementing “propitious, decent, middle-of-the-road regulation.”