Bitcoin Recovery May Not Arrive Until October, Scaramucci Says
Anthony Scaramucci said Bitcoin may not see a meaningful recovery until October or November, arguing that the current drawdown still fits the asset’s historic four-year cycle despite a more favorable regulatory backdrop in Washington.He cited experimental custody programs at Bank of New York and SoFi, while arguing that real adoption requires major money-center banks to offer custody, yield, and borrowing against Bitcoin on more competitive terms. Until then, he said, investors will not see “real full-throated adoption.”
Featured image created with DALL.E, chart from TradingView.com
About Author
