Anthony Scaramucci, the founder of SkyBridge Capital, has made bold predictions about the future price of Bitcoin. He stated in an interview on Unchained that if Joe Biden wins the presidential election for a second term, Bitcoin could reach new all-time highs. Scaramucci believes that the price of Bitcoin could soar to $170,000- $250,000 under a Biden administration.
Despite serving as the White House Director of Communications under former President Donald Trump, Scaramucci has revealed that he will be voting for Joe Biden in the upcoming election. He stated that the needle has moved in a positive direction for supporters of Biden and crypto. Scaramucci also dispelled the notion that the current government is anti-crypto by pointing out recent developments in the industry.
Scaramucci addressed Trump’s recent support for cryptocurrencies, stating that he believes the former President is being very transactional in his approach. He noted Trump’s previous anti-crypto stance while in office and suggested that his newfound support may be a strategic move to garner votes from the crypto community. Scaramucci emphasized that he is not supporting Trump due to his changing stance on crypto.
Scaramucci expressed his optimism about the future of the crypto industry, stating that it has already won against individuals like Senator Elizabeth Warren and Gary Gensler, whom he describes as authoritarian. He highlighted how the industry has prevailed in legal battles against the SEC, resulting in fines for the Commission and rebukes from Judges. Scaramucci also mentioned that Biden’s administration has pressured the SEC to be more crypto-friendly, realizing that being anti-crypto could harm Biden’s campaign.
Anthony Scaramucci’s predictions regarding Bitcoin’s price under a Biden administration and his support for the Democratic candidate showcase his confidence in the future of cryptocurrency. Despite his background in the Trump administration, Scaramucci believes that the crypto industry has already succeeded in overcoming regulatory hurdles and will continue to thrive in the coming years.
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