Bitcoin is still on track to see a major rally by the end of the year, Anthony Scaramucci said.
Those catalysts include waning selling pressure, crypto repayments, and promising crypto legislation.
Around 40%-50% of payouts could end up being reinvested in crypto, Scaramucci estimated, based on the loyalty many "hardcore" early bitcoin investors have.
That's one promising sign bitcoin is becoming a more widely accepted storage of value, which is bullish for its long-term trajectory, Scaramucci said.
Bitcoin's price has been depressed partly due to temporary selling pressure, Scaramucci said.
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