Anthony Scaramucci named a favorable period for buying Bitcoin.

SkyBridge Capital founder and former White House communications director Anthony Scaramucci stated that despite Bitcoin's correction in September from its August high of $124,457, the leading cryptocurrency could see significant growth by the end of the year.

In an interview with CNBC, Scaramucci reiterated his previous prediction that Bitcoin could reach its $150,000 target within a few months. He believes November and December will be the most favorable period for buying BTC. Scaramucci added that the decline in Bitcoin's price in September was entirely expected.

“A 3-4% drop? That's typical volatility. Bitcoin had a big run-up, with a lot of positive announcements, and now it's just reversed slightly. But if you look at the fifteen years since Bitcoin's inception, you'll see seasonality. The lows were usually in September, so everything's fine,” Scaramucci said.

The businessman noted that despite the crypto market's volatility, demand for Bitcoin continues to grow. Large investors are increasingly investing in cryptocurrency exchange-traded funds (ETFs), and companies are purchasing digital assets for long-term storage. Scaramucci is confident that these factors will accelerate Bitcoin's widespread adoption.

The financier also announced his new position as chief advisor at AVAX One, a company seeking to increase its ownership of the AVAX cryptocurrency. Scaramucci stated that he believes not only in the Avalanche blockchain but also in the Solana and Ethereum networks, which are promoting the development of tokenization.

Scaramucci previously suggested that Bitcoin's growth could slow amid the US trade war with other countries and macroeconomic instability.

Source: cryptonews.net