On Sunday, Anthony Scaramucci said he believes markets have slipped into a bear phase and argued the real issue is duration, not whether the downturn exists. He has also urged investors to keep building positions in Bitcoin (CRYPTO: BTC), a stance reflected in accumulate don’t speculate messaging tied to his long-running role as a high-profile crypto promoter.
In a post on X, Scaramucci described bear markets as periods that linger until participants run out of energy, not moments that end simply because fear peaks. He also said that when pessimism becomes the loudest sound, investors are often positioned too lightly for a turn.
In his post, Scaramucci framed Bitcoin’s behavior as a clue: if the move were mainly about anxiety over weakening purchasing power, he said Bitcoin would be ripping higher. Instead, he pointed to a split between “young money” flowing into crypto and older allocators he said are leaning toward gold and silver.
Yes, we’re in a bear market.The question isn’t if — it’s how long.Every cycle has the permanent naysayers chanting “it’s over.”But look …Full story available on Benzinga.com
