Anthony Scaramucci, the founder of SkyBridge Capital, has made bold predictions about the future of Bitcoin. He believes that if his preferred presidential candidate wins, Bitcoin could reach new all-time highs. During an interview on Unchained, Scaramucci mentioned that he expects a new ATH for Bitcoin during a second Biden administration, with the cryptocurrency rising to between $170,000 and $250,000.
Scaramucci also revealed that he will be voting for Joe Biden in the upcoming election. He claimed that the needle has moved in a positive direction for those who support Biden and crypto. Despite serving as the White House Director of Communications under former President Donald Trump, Scaramucci’s support for Biden may come as a surprise to some, especially considering Trump’s recent statements in support of cryptocurrencies.
Scaramucci attempted to dispel the notion that the current government is anti-crypto. He pointed to the approval of Spot Ethereum ETFs and the possibility of more layer-1 ETFs as evidence of progress in the industry. He also expressed optimism about the future of crypto under Biden’s administration, believing that any anti-crypto sentiment will be a thing of the past by then.
Scaramucci’s Views on Trump and Crypto
Despite Trump’s recent pro-crypto stance, Scaramucci explained that he is not supporting the former President due to his transactional nature. He suggested that Trump’s newfound support for crypto might be a strategic move to appeal to the crypto community for votes. Scaramucci noted that Trump’s past anti-crypto stance during his presidency contradicts his current position on cryptocurrencies.
The Crypto Industry’s Success According to Scaramucci
Scaramucci argued that the crypto industry has already won significant battles, particularly against figures like Senator Elizabeth Warren and Gary Gensler, whom he likened to Trump in their authoritarian approach. He highlighted the industry’s victories in court against the SEC, leading to fines and rebukes for the Commission. Scaramucci also claimed that Biden’s administration has pressured the SEC to reconsider its anti-crypto stance.
Anthony Scaramucci’s predictions about the future of Bitcoin and his support for Joe Biden reflect his optimistic outlook on the crypto industry. While his views may differ from those of former President Trump, Scaramucci remains confident in the potential for Bitcoin to reach new heights under a Biden administration. Only time will tell whether his predictions will come to fruition.
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