Bitcoin
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$94,980.00 3.73557
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Ethereum
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$3,277.52 3.37372
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BNB
BNB (BNB)
$691.75 2.29631
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$188.97 2.71626
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$2.35 3.76026
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$0.0000216 3.08318
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$1.57 4.11207
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$0.537417 2.27285
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Bitcoin
Bitcoin (BTC)
$94,980.00 3.73557
Bitcoin price
Ethereum
Ethereum (ETH)
$3,277.52 3.37372
Ethereum price
BNB
BNB (BNB)
$691.75 2.29631
BNB price
Solana
Solana (SOL)
$188.97 2.71626
Solana price
XRP
XRP (XRP)
$2.35 3.76026
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000216 3.08318
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000176 4.65589
Pepe price
Bonk
Bonk (BONK)
$0.0000278 2.99442
Bonk price
dogwifhat
dogwifhat (WIF)
$1.57 4.11207
dogwifhat price
Popcat
Popcat (POPCAT)
$0.537417 2.27285
Popcat price
Bitcoin
Bitcoin (BTC)
$94,980.00 3.73557
Bitcoin price
Ethereum
Ethereum (ETH)
$3,277.52 3.37372
Ethereum price
BNB
BNB (BNB)
$691.75 2.29631
BNB price
Solana
Solana (SOL)
$188.97 2.71626
Solana price
XRP
XRP (XRP)
$2.35 3.76026
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000216 3.08318
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000176 4.65589
Pepe price
Bonk
Bonk (BONK)
$0.0000278 2.99442
Bonk price
dogwifhat
dogwifhat (WIF)
$1.57 4.11207
dogwifhat price
Popcat
Popcat (POPCAT)
$0.537417 2.27285
Popcat price
Bitcoin
Bitcoin (BTC)
$94,980.00 3.73557
Bitcoin price
Ethereum
Ethereum (ETH)
$3,277.52 3.37372
Ethereum price
BNB
BNB (BNB)
$691.75 2.29631
BNB price
Solana
Solana (SOL)
$188.97 2.71626
Solana price
XRP
XRP (XRP)
$2.35 3.76026
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000216 3.08318
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000176 4.65589
Pepe price
Bonk
Bonk (BONK)
$0.0000278 2.99442
Bonk price
dogwifhat
dogwifhat (WIF)
$1.57 4.11207
dogwifhat price
Popcat
Popcat (POPCAT)
$0.537417 2.27285
Popcat price

Bitcoin remains volatile despite $103k milestone: Scaramucci

bitcoin-volatile-despite-103k-milestone-scaramucci
Edited by
News
Bitcoin remains volatile despite $103k milestone: Scaramucci

SkyBridge Capital founder Anthony Scaramucci has shared a measured perspective on Bitcoin’s volatility amid recent price surges.

Speaking to Yahoo Finance, Scaramucci stressed the importance of long-term investment horizons and institutional adoption of Bitcoin (BTC). He detailed both the risks and opportunities in the current crypto market environment.

“Bitcoin is the type of asset, I always tell people, if you’re going to buy Bitcoin, you got to hold it for a four-year period of time,” Scaramucci stated.

Scaramucci points out recent Bitcoin pullback

During the conversation, Scaramucci pointed to the pullback from Bitcoin’s recent peak of about $103,900. Drawing from historical experience, he reminded viewers of Bitcoin’s most severe drawdown of 82%. He also recalled the challenging period in December 2022 when prices bottomed around $16,000-$17,000.  

He also noted that any rolling four-year period has historically yielded positive returns despite volatility.

Scaramucci views the recent price milestones as indicators of Bitcoin’s maturation toward mainstream institutional investment. He expressed that this development should have occurred earlier but was delayed by regulatory hurdles under the U.S. Securities and Exchange Commission’s chairman, Gary Gensler.

The recent approval of cash ETFs and growing Wall Street adoption now provide what Scaramucci sees as a fundamental floor of support for Bitcoin prices. He draws a parallel between Bitcoin and gold, suggesting the potential for a tenfold increase if Bitcoin achieves gold’s market capitalization.

While discussing his new book, “The Little Book of Bitcoin,” Scaramucci revealed an interesting disagreement with MicroStrategy’s Michael Saylor regarding appropriate portfolio allocation. Scaramucci’s recommendation of a 2% allocation was criticized by Saylor as too conservative.

Looking forward, Scaramucci maintains that while significant price corrections remain possible, the institutional framework now supporting Bitcoin creates a more stable investment environment than in previous cycles. 

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