SkyBridge Capital’s Scaramucci Says Bitcoin Will Reach $250,000 Is This US Presidential Candidate Wins
Anthony ScaramucciThe founder of SkyBridge Capital predicted that Bitcoin will reach all-time highs (ATH) when… Preferred presidential candidate Wins. He also claimed that cryptocurrencies have “already won” following recent developments in the industry.
Bitcoin could rise to $250,000 when Joe Biden wins
Scaramucci mentioned during interview On Unchained he believes the market will see a new ATH for Bitcoin during the second Biden administration if the incumbent US president wins his re-election bid. As for how high Bitcoin could rise, Scaramucci expects the value of the major cryptocurrency to rise to between… $170,000 and $250,000.
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The SkyBridge founder also revealed that he will be voting for Joe Biden and claimed that the good news for those who support Biden and crypto is that “the needle” has moved in a positive direction. Scaramucci tried to deflect the belief that this current government is anti-crypto, noting that Spot Ethereum ETFs have been approved, and there could be more tier-1 ETFs.
Scaramucci also stated that although Biden vetoed SAB 121, he believes there will be a crypto bill in the next Congress that Biden would be willing to sign. Scaramucci is also optimistic about a second Biden term regarding crypto because he believes the “anti-crypto bullshit” he says he is sponsoring is “a sham.” Senator Elizabeth Warren And Gary Genslerit will be in the past by then.
Interestingly, Scaramucci served as White House communications director under former US President Donald Trump, which makes his support for Biden surprising. Trump was too Recently confirmed His support for cryptocurrencies, suggesting that he was more open to Bitcoin and other crypto assets than Biden.
However, despite all that, Scaramucci made it clear that he does not support Trump because the former US president is “too mercenary.” He noted that Trump had an anti-crypto stance when he was still president and has now made a complete turnaround, suggesting that Trump may only support cryptocurrencies because he wants to get votes from the crypto community.
Why “cryptocurrencies have already won”
Scaramucci stated that the cryptocurrency industry has already won because it won Warren and Gensler, who claims he is very Trump-like and “authoritarian and tyrannical.” He also pointed out how it defeated the cryptocurrency industry Securities and Exchange Commission (SEC) In court on several occasions, some of these cases resulted in Fines Payment Committee And reprimanded by the judges.
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Scaramucci also claimed that he had been pressured by the SEC before Biden administration And his campaign team, who realized that anti-crypto is bad for the Biden campaign. Based on those points he made, Scaramucci reiterated once again that the cryptocurrency industry has triumphed over those who oppose cryptocurrencies.
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