Founder of SkyBridge Capital Anthony Scaramuccimade a prediction about the lowest level that Bitcoin can go down.
Transferring his comments on the market, Scaramucci thinks that we have survived most of the bear market in crypto. Stating that a decrease is possible in Bitcoin again, Scaramucci stated that he believes this decrease will be in the 17 thousand 500 band at most.
Scaramucci: Leveraged Transactions Removed from the System!
Scaramucci, who puts a fair price on Bitcoin according to his own algorithms, said that the fair price is 40 thousand dollars. He also stated that this algorithm is based on wallet volume, use cases, and the growth of wallets. However, he does not think that the price of Bitcoin will suddenly increase, since the macroeconomic situation and cryptocurrencies are “volatile assets”. He said that these assets are highly volatile assets, so people should look at it from a 4 to 5 year perspective.
Regarding the widespread collapse of the Terra (LUNA) ecosystem lending company Celsius, brokerage firm Voyager Digital, and hedge fund Three Arrows Capital in public, Scaramucci said:
“We believe leveraged transactions have been deleted from the system.”
As of the time of writing, Bitcoin was trading at $23,406, the current price:
