Bitcoin (BTC) prices fell earlier this week, falling below the $27,000 mark as investors digested the federal interest rate decision. Current market sentiment reflects a period of consolidation, likely influenced by profit-taking following the uptrend in mid-September.
Despite continued market volatility, Anthony Scaramucci, founder of New York-based global investment firm SkyBridge Capital, asserts that the worst of the bear market is over and Bitcoin is superior to gold in terms of value and utility.
Scaramucci’s bullish stance is based on his belief that Bitcoin will continue to gain popularity, especially among younger generations, who will play a crucial role in the mainstreaming of cryptocurrencies over the next two decades.