Anthony Scaramucci, the founder of investment firm SkyBridge Capital, states that cryptocurrencies are now seeking fair market prices following a period of stagnation. In a recent interview with Bloomberg Television, Scaramucci emphasized that the 2022 collapse of FTX, which resulted in billions in losses, continues to exert pressure on cryptocurrency prices.
Impact of the 2022 FTX Collapse and SEC Regulations
Scaramucci noted that the cryptocurrency markets remain heavily suppressed, referencing significant assets like Bitcoin 
$90,474, Solana 
$237, and Ethereum 
$3,124 that have been affected by the catastrophic events of 2022 and subsequent regulatory scrutiny. He pointed out that the U.S. Securities and Exchange Commission’s (SEC) enforcement actions have played a crucial role in keeping crypto prices low. For over two quarters, the markets have stagnated due to concerns over new risks and a bear market, but these effects are starting to dissipate, as reflected in Bitcoin’s price chart.
Trump and Market Valuations
Reports indicate that SEC Chairman Gary Gensler may resign before President Donald Trump takes office, which could lead to a more favorable regulatory environment for cryptocurrencies. With the expected shift in administration, Scaramucci anticipates a reversal of the negative impacts on the markets. The U.S. is likely to adopt regulatory measures similar to those implemented by countries such as the UAE, Qatar, Singapore, and Hong Kong to support crypto innovation.
“The market has now seen that it will be regulated more fairly, and Bitcoin is searching for its correct price. We are still at a very low valuation regarding Bitcoin’s significance to the world,” Scaramucci remarked.
Currently, Bitcoin is trading at around $91,912. Scaramucci also pointed out that Bitcoin’s market value should be closer to that of gold, emphasizing that Bitcoin is not merely a stock but an independent asset class. Greater transparency and fairness in the valuation of digital assets, facilitated by anticipated regulations, could contribute to healthy market growth.
