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Bitcoin ETF Delay Caused ‘Price Damage,’ But 2025 Will Still Be ‘Very Good Year’ – Exec
The cryptocurrency market has been on a rollercoaster ride recently, with the price of Bitcoin nearing $98K. While some investors are concerned about the potential for a crash, Anthony Scaramucci, Founder and Managing Partner of SkyBridge Capital, is not among them. He believes that despite a delayed Bitcoin ETF, which he attributes to causing ‘price damage,’ 2025 will be a “very good year” for the digital currency.
Scaramucci was recently interviewed on CNBC’s Squawk Box, where he shared his thoughts on the current state of the crypto market. The exec attributed the recent rise in Bitcoin’s price to its resilience and potential to recover from regulatory setbacks. He went on to emphasize that institutional investors are starting to take notice, with endowments and sovereign wealth funds already showing interest.
While some have questioned Scaramucci’s accuracy in his previous predictions, he remains optimistic about the future trajectory of the market. The executive noted that while some might not agree with his forecast, ‘I began my Bitcoin journey about five years ago…You oscillate between genius and dummy.’ This statement comes as a nod to the unpredictability of the crypto space.
Despite the Bitcoin ETF’s delay having caused “price damage,” Scaramucci is undeterred. He highlighted that institutional interest in the digital currency remains strong, and he anticipates that these new participants will drive growth throughout 2025.
Source: ambcrypto.com
