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Scaramucci Says Some Alts Had Their ‘Last Hurrah’
Anthony Scaramucci, a prominent Bitcoin supporter and financier, has made a statement regarding the recent market correction in the cryptocurrency sector. In his latest comments, he emphasized that some alternative coins (altcoins) have likely reached their “last hurrah” due to concerns about the Federal Reserve scaling back easing measures by 2025.
The market correction has led to significant liquidations and a substantial loss of value for many cryptocurrencies. According to data provided by CoinGlass, an additional $1.05 billion worth of crypto assets were liquidated over the past 24 hours as a result of this extreme volatility.
Scaramucci’s statements suggest that he is not fazed by the recent market correction, stating that Bitcoin is simply “doing its thing” by eliminating leveraged momentum trades. This perspective aligns with Mike Novogratz’s recent prediction that Bitcoin may surge much higher but warned that significant corrections would be inevitable in this process.
Despite these concerns, it seems unlikely that Scaramucci will abandon his vision of a $200,000 Bitcoin price target for 2025.
Source: u.today
