SkyBridge founder: Don't panic about the September curse, the goal is to reach $150,000 by the end of the year

SkyBridge Capital founder Anthony Scaramucci views Bitcoin's recent September pullback as a normal market adjustment rather than a cause for alarm. He attributes the dip to tax-related selling and a natural correction following previous gains, asserting it does not harm the long-term bullish trend. Historically, Bitcoin often finds its low in September, making November and December optimal months for buying. Scaramucci reaffirms SkyBridge's year-end Bitcoin price target of $150,000 and suggests the current downturn may present a strategic entry point for investors ahead of a potential strong performance surge before year-end.

Summary

SkyBridge founder: Don't panic about the September curse, the goal is to reach $150,000 by the end of the year

The crypto market has always been subject to the "September curse", and Bitcoin has also experienced a 3-4% correction this year.

But SkyBridge founder Anthony Scaramucci said in an interview that this was just a tax-related sell-off and a normal adjustment after the previous surge, and would not affect the long-term trend.

He emphasized that since its inception, Bitcoin has typically reached its low point in September, while November and December are typically the best times to buy. SkyBridge maintains its year-end target price of $150,000 for Bitcoin, believing that this pullback may offer investors an opportunity to enter the market at a lower price. Bitcoin may see even more impressive performance before the end of the year.

Share to:

Author: PA影音

This content is for informational purposes only and does not constitute investment advice.

Follow PANews official accounts, navigate bull and bear markets together
App内阅读