Bitcoin’s Potential Skyrocket
SkyBridge Capital founder Anthony Scaramucci believes Bitcoin could reach record highs if his preferred presidential candidate, Joe Biden, wins re-election. He predicts a surge to between $170,000 and $250,000.
Biden’s Crypto-Friendly Stance
Scaramucci supports Biden, citing his administration’s approval of Spot Ethereum ETFs and potential for future crypto-related legislation. He believes Biden will sign a crypto bill during his second term.
Crypto’s Victory over Opponents
Scaramucci argues that the crypto industry has already triumphed over critics like Senator Elizabeth Warren and SEC Chairman Gary Gensler. He cites legal victories and pressure from the Biden administration as evidence of this success.
Trump’s Crypto Flip-Flop
Despite previously supporting Trump, Scaramucci now favors Biden. He accuses Trump of being “transactional” and only supporting crypto for political gain.
Scaramucci’s Optimism
Scaramucci remains optimistic about crypto’s future, believing that anti-crypto sentiment will fade during Biden’s second term. He predicts a positive regulatory environment for the industry.
