Anthony Scaramucci believes that due to the turmoil in global financial markets, the market may need to go through a painful period. Therefore, Bitcoin's price will not skyrocket overnight and may take up to five years to recover. Compared to its stellar performance last year, Bitcoin's decline in the past few months has been truly alarming, even falling to $17,500 in June, causing investor panic. As of press time, Bitcoin is trading at $23,153, down approximately 66% from its all-time high of nearly $70,000 last November.
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