Anthony Scaramucci, founder of SkyBridge Capital, believes that the recent sell-off of Bitcoin is not rational and is driven by investors viewing Bitcoin as a high-risk asset. He argues that the dip in Bitcoin's price is a reaction to market volatility in tech stocks rather than any specific issue with Bitcoin itself. Scaramucci highlights BlackRock's influence in helping investors understand Bitcoin as a diversifying hedge and points out that BlackRock's iShares Bitcoin Trust recorded significant inflows while other Bitcoin ETFs saw outflows. Despite sustained investor interest, Bitcoin's price fell below $70,000 on Friday. Scaramucci encourages potential Bitcoin investors to read the Bitcoin white paper and listen to prominent Bitcoin evangelists.



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