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As Bitcoin hovers around $97,000, many analysts speculate about its potential floor, with some suggesting it may stabilize around $70,000. Scaramucci expressed optimism, citing his five-year journey with Bitcoin, during which he has experienced both accolades and criticisms. He notes that the current valuation might actually represent a correction to levels that should have been reached in 2022, particularly following delays in regulatory approvals for Bitcoin futures and exchange-traded funds (ETFs).