Crypto
SkyBridge founder says bitcoin down only 55 percent, likely to climb back above $100,000
SkyBridge Capital founder Anthony Scaramucci said bitcoin has entered a clear bear market, but the decline has been relatively limited compared with past cycles. He said bitcoin is down 55 percent, versus 75 to 80 percent drops in earlier bear markets, which he viewed as positive and a sign demand may still remain. He cited lower volatility, changes among miners and the traditional four-year cycle. He said bitcoin could rise above $100,000 again after the next halving.
