Anthony Scaramucci reiterates $150K BTC price target for year-end

Anthony Scaramucci, founder of U.S. hedge fund SkyBridge Capital, has maintained his forecast that BTC will reach $150,000 by the end of the year, The Daily Hodl reported. Speaking on CNBC's Squawk Box, Scaramucci noted that cryptocurrencies generally tend to bottom out in September. He attributed this to sell-offs ahead of U.S. tax deadlines and profit-taking following rallies in previous months. However, he affirmed that his year-end price target for BTC remains unchanged, stating that there is still significant demand for crypto and that November and December will be good buying opportunities. He added that the recent sharp decline is simply part of typical volatility.