Scaramucci: Investors should stop linking BTC price moves to news

Anthony Scaramucci, founder of SkyBridge Capital, said that Bitcoin has reached a stage where it no longer needs promotion and that investors should stop trying to find reasons for its price fluctuations in the news. According to U.Today, he emphasized that BTC is already at a point where it does not require a narrative, calling it the most important invention in modern history. Scaramucci added that attempting to connect every short-term price movement to news events is meaningless. He attributed the recent price correction not to deteriorating fundamentals, but to large-scale liquidations of leveraged positions and selling by miners to cover their operating costs.