Scaramucci: Bitcoin’s September Dip Is Seasonal, Not a Crash

Anthony Scaramucci, founder of global investment firm SkyBridge, has identified a recurring theme in Bitcoin’s 15-year history: September consistently presents challenges for the cryptocurrency’s price. During his CNBC Squawk Box segment, Scaramucci noted that ‘September lows are typical,’ pointing to historical data that shows similar patterns emerging almost annually. The current decline of approximately three to four percent falls squarely within what Scaramucci describes as ‘typical volatility’ for the crypto market, rather than signaling any fundamental breakdown in Bitcoin’s value proposition.

The SkyBridge CEO provided specific explanations for this seasonal phenomenon, highlighting two primary drivers behind the September weakness. ‘Some of the selling comes from people clearing taxes, while others are simply taking profits after substantial gains from the last few months,’ Scaramucci explained. This combination of tax-related portfolio adjustments and profit-taking after summer rallies creates predictable downward pressure that has manifested throughout Bitcoin’s history. Rather than viewing this as alarming, Scaramucci encourages investors to recognize it as part of the market’s natural rhythm.

Despite the short-term price action, Scaramucci emphasized that SkyBridge remains committed to its optimistic Bitcoin forecast. The firm continues to project that the digital asset could reach $150,000 by the end of 2025, a target that Scaramucci reaffirmed despite the current market conditions. ‘The current weakness is part of a regular cycle that happens almost every year,’ Scaramucci stated, adding that ‘short-term fluctuations do not alter the broader picture for Bitcoin.’ This perspective reflects SkyBridge’s conviction that cryptocurrency investments should be evaluated through a long-term lens rather than reacting to monthly volatility.

Scaramucci’s analysis suggests that the current slowdown represents merely ‘a short break after months of positive moves’ rather than a reversal of Bitcoin’s upward trajectory. He observed that appetite for Bitcoin remains strong among investors, with many potentially waiting for the seasonal weakness to pass before entering the market. ‘The long-term direction remains certain, and the Bitcoin price is still on track for significant gains as the year progresses,’ Scaramucci told CNBC viewers, projecting confidence in the cryptocurrency’s fundamental strength.

Scaramucci’s seasonal analysis extends beyond identifying September weakness to predicting subsequent recovery patterns. The SkyBridge CEO anticipates that strong buying will typically occur in the last two months of the year, suggesting that November and December could bring renewed momentum to the Bitcoin market. ‘Once the seasonal weakness is over, he expects buyers to return in large numbers,’ creating conditions for potential price appreciation as the year concludes.

This expectation of year-end strength forms a crucial part of Scaramucci’s investment thesis. By characterizing the September dip as a temporary phenomenon within a larger positive trend, he provides context that helps investors navigate cryptocurrency volatility. His message to concerned market participants is clear: ‘September dips do not mean disaster.’ Instead, they represent predictable market behavior that has occurred throughout Bitcoin’s history, often followed by periods of significant growth as the calendar year approaches its conclusion.