Cryptocurrency analyst gives advice on how to act in the face of extreme cryptocurrency price declines

Anthony Scaramucci, founder of Skybridge Capital, shared his opinion on the current bear market, recommending that investors continue to buy bitcoin and stay calm.

In an interview with CNBC, Anthony Scaramucci called the situation on the cryptocurrency market a «bloodbath» that he has already experienced 7 times. «I am inspired by the fact that bitcoin now exceeds 50% of the total market capitalization. This is another sign that proves the value of bitcoin,» Scaramucci shared his point of view.

Scaramucci also believes that the situation with Celsius is affecting the bitcoin rate, just as it did with Terra about six weeks ago. Cryptocurrency financial company Celsius Network has recently temporarily blocked the ability to withdraw funds and make transfers between accounts due to massive withdrawals during the market panic.