This is typical volatility for bitcoin, says SkyBridge's Scaramucci

Speakers

Anthony Scaramucci — Founder and Managing Partner, SkyBridge Capital

Bitcoin's recent drop to the $60,000 level is characterized as "garden variety" volatility, driven by margin liquidations rather than fundamental issues.
Scaramucci argues the correction is actually muted compared to historical four-year cycles; without ETF inflows, technical analysis suggests a drop to $38,000 would have been likely.
The "Clarity Act" regarding US regulation is identified as the primary gatekeeper preventing older demographics and commercial banks from entering the asset class.

Ticker	Direction	Speaker	Thesis	Time
BTC	LONG	Anthony Scaramucci Founder and Managing Partner, SkyBridge Capital	Scaramucci explicitly states, "I frankly bought more Bitcoin yesterday. I intend on buying more Bitcoin next week." He views the recent 25% drop and subsequent bounce as a standard correction within a bull market. He argues that Bitcoin is still an "early adopting technical asset" rather than a mature inflation hedge. The current price decline was driven by leverage washouts (margin calls), not a change in value. He believes the bottom is likely in because the asset held its 200-day moving average and institutional ETF flows are providing a floor that didn't exist in previous cycles. The "Fear and Greed Index" is currently at 5 (out of 100), which is historically one of the lowest readings and typically signals a contrarian buying opportunity. Additionally, he notes that while Bitcoin dropped, it avoided the deeper historical retest level of $38,000. The "Clarity Act" (regulatory approval) is described as a "coin toss." If the US government does not provide clear regulation, large commercial banks and older, wealthy demographics will continue to prefer Gold and Silver over Bitcoin.	0:01