Scaramucci: Bitcoin Drops Are Normal, Stay Focused on the Long Term
Anthony Scaramucci believes that big price swings in Bitcoin are normal and part of the journey. He says investors should be mentally prepared for ups and downs, but always keep their eyes on the long-term potential.
According to him, Bitcoin is still in its early days, and the biggest mistake investors make is underestimating its future role in finance. While short-term corrections may scare some traders, he sees them as a natural part of growth.
Scaramucci compared this to his own past mistakes in traditional stocks. He once sold Apple, Amazon, Microsoft, and Nvidia too early, missing out on huge gains. From that lesson, his advice is clear: hold on to strong assets and don’t sell just because the market looks rough.
He also reminded investors that markets are unpredictable. Good times don’t last forever, and downturns can come suddenly. But disciplined investors can use corrections as opportunities instead of setbacks.
Looking ahead, Scaramucci warned that Bitcoin could still fall sharply before eventually reaching his target of $500,000. Even so, he encouraged believers in Bitcoin to stay patient, because volatility is simply part of the process.
