This is typical volatility for bitcoin, says SkyBridge's Scaramucci

Core Viewpoint - The current state of Bitcoin reflects typical volatility, influenced by institutional adoption and regulatory clarity, with a notable recent price fluctuation. Group 1: Market Dynamics - Bitcoin has experienced significant price movements, including a 25% drop followed by a 9-10% rise, indicating typical market corrections for this asset class [9]. - The fear and greed index for Bitcoin is currently at 5, one of the lowest in its history, suggesting overwhelming fear in the market [8]. - Institutional involvement, including the rise of ETFs and digital asset treasury companies, has not yet stabilized Bitcoin's price, which remains subject to high volatility [6][10]. Group 2: Regulatory Environment - The Clarity Act is seen as a crucial factor for institutional adoption, with many institutions waiting for clearer regulatory guidance from the US government before fully engaging with Bitcoin [5]. - Some Democratic senators believe that regulatory clarity will eventually be achieved, which could influence market dynamics positively [6]. Group 3: Demographics and Adoption - The demographics surrounding Bitcoin are still relatively young, which contrasts with older investors who prefer traditional assets like gold and silver [4]. - The early adoption phase of Bitcoin is characterized by significant price fluctuations, similar to the early years of Amazon, where substantial corrections were common [10].