Bitcoin may have been painful for its investors this year, having lost about 20% in less than two months. But the pullback has utterly failed to faze long-term bulls like Anthony Scaramucci.
Scaramucci dismissed recent weakness in BTC as temporary in a CNBC interview this week, adding the asset will resume its upward trajectory over the next three to six months.
The founder of Skybridge Capital cited several catalysts that could help Bitcoin price rally again through the remainder of this year.
That bodes good news for crypto investors more broadly since whatever happens with BTC tends to reflect in the crypto market at large, which now includes a new contender, Bitcoin Pepe.
How is Bitcoin Pepe related to the price of BTC
Positive developments around the price of Bitcoin may prove to be an even bigger tailwind for the Bitcoin Pepe meme coin as it touts itself as one of the closest relative of BTC.
Bitcoin Pepe is the “world’s only Bitcoin meme ICO” as per its website, which means it stands to benefit rather meaningfully as institutional buyers continue to flock to the world’s largest crypto by market cap as Scaramucci projected in the CNBC interview.
The narrative seems to be sitting quite well with the Bitcoin Pepe community considering it the meme coin presale has raised close to $4.9 million within a matter of weeks.
Following the presale, Bitcoin Pepe plans on listing on a crypto exchange to make it even easier for interested investors to build a position in it, which may help drive the price of the meme coin further up in 2025.
Other macro tailwinds that could help Bitcoin Pepe
Anthony Scaramucci continues to see Bitcoin as a “very valuable long-term asset” given the US government’s plans of a strategic Bitcoin reserve.
“The fact that the United States is going to hold this asset means that other countries are going to end up buying this asset as well,” he added.
This will unlock significant further demand for Bitcoin that will drive the price of the digital assets up. But, more importantly, it will help add a layer of legitimacy to the crypto market overall that may significantly benefit the likes of Bitcoin Pepe.
The meme coin is currently going for $0.0281 only, which means it doesn’t require a massive sum of capital to build a sizable early position in it either.
All in all, the Trump administration is committed to bringing cryptocurrencies to mainstream finance that could continue to drive global investors to digital assets, including Bitcoin Pepe.
If you’re interested in learning more about this up-and-coming meme coin, click here to visit its website now.
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