Anthony Scaramucci, the founder of SkyBridge Capital, has made some bold predictions about the future of Bitcoin. He believes that if his preferred presidential candidate, Joe Biden, wins the election, Bitcoin could see new all-time highs. Scaramucci is confident that during a second Biden administration, Bitcoin could reach prices between $170,000 and $250,000.
Scaramucci’s support for Joe Biden is based on his belief that the current government is not necessarily anti-crypto. He argues that recent developments, such as the approval of Spot Ethereum ETFs, indicate a positive shift in attitude towards cryptocurrencies. While Biden vetoed the SAB 121 bill, Scaramucci anticipates that a more crypto-friendly bill could be passed during his next term.
Despite having served as the White House Director of Communications under former US President Donald Trump, Scaramucci is not backing Trump in the upcoming election. He criticizes Trump for being “very transactional” and suggests that his recent support for cryptocurrencies may be a strategic move to gain votes. Scaramucci contrasts this with Biden’s potential to be more supportive of the crypto industry in the future.
Scaramucci asserts that the crypto industry has already achieved significant victories, particularly in overcoming opposition from figures like Senator Elizabeth Warren and Gary Gensler. He characterizes them as “authoritarian and autocratic” individuals who have been detrimental to the progression of cryptocurrencies. Scaramucci also points to legal battles where the crypto industry has emerged triumphant against the SEC, highlighting instances where the Commission has been reprimanded.
According to Scaramucci, the pressure from Biden’s administration and his campaign team has influenced the stance of the SEC towards cryptocurrencies. He suggests that anti-crypto sentiments could hinder Biden’s campaign, leading to a more favorable environment for the crypto industry. Scaramucci remains optimistic about the future of Bitcoin under a Biden presidency, foreseeing a positive trajectory for the digital asset.
Anthony Scaramucci’s insights into the future of Bitcoin offer a unique perspective on the intersection of politics and cryptocurrencies. His predictions highlight the potential for Bitcoin to achieve new heights under a Biden administration, while also emphasizing the challenges and victories faced by the crypto industry. As the landscape continues to evolve, Scaramucci’s observations provide valuable insights for investors and enthusiasts alike.