Anthony Scaramucci, the founding father of SkyBridge Capital, has predicted that Bitcoin may attain new all-time highs (ATH) when his preferred presidential candidate wins. He additionally claimed that crypto “has already won” following current developments within the business.
Bitcoin Could Rise To As High As $250,000 When Joe Biden Wins
Scaramucci talked about throughout an interview on Unchained that he believes that the market will witness a brand new ATH for Bitcoin throughout a second Biden administration if the incumbent US President wins his reelection bid. As to how excessive Bitcoin can rise, Scaramucci predicts that the flagship crypto will rise to between $170,000 and $250,000.
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The SkyBridge Founder additionally revealed that he could be voting for Joe Biden and claimed that the excellent news for individuals who assist Biden and crypto is that the “needle” has moved in a optimistic path. Scaramucci tried to banish the idea that this present authorities is anti-crypto, noting that the Spot Ethereum ETFs have been permitted, and there may very well be extra layer-1 ETFs.
Scaramucci additional said that though Biden vetoed the SAB 121 invoice, he believes there will likely be a crypto invoice within the ensuing congressional time period that Biden will likely be prepared to signal. Scaramucci can also be bullish on Biden’s second time period in relation to crypto as a result of he believes that the “anti-crypto nonsense,” which he says is sponsored by Senator Elizabeth Warren and Gary Gensler, will likely be prior to now by then.
Interestingly, Scaramucci served because the White House Director of Communications beneath former US President Donald Trump, making his assist for Biden stunning. Trump had additionally recently affirmed his assist for cryptocurrencies, suggesting he was extra open to Bitcoin and different crypto property than Biden.
However, regardless of all these, Scaramucci defined he isn’t supporting Trump as a result of the previous US President is “very transactional.” He famous how Trump had an anti-crypto stance whereas he was nonetheless President and has now made an entire turnaround, suggesting that Trump would possibly simply be supporting crypto as a result of he desires to get votes from the crypto neighborhood.
Why Crypto Has “Already Won”
Scaramucci said that the crypto business has already gained as a result of it beat Warren and Gensler, who he claims are very Trump-like and “authoritarian and autocratic.” He additionally famous how the crypto business has defeated the Securities and Exchange Commission (SEC) in court docket on a number of events, with a few of these circumstances inflicting the Commission to pay fines and be rebuked by Judges.
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Scaramucci additionally claimed that the SEC has been pressured by Biden’s administration and his marketing campaign workforce, who’ve realized that being anti-crypto is dangerous for Biden’s marketing campaign. Based on these factors he outlined, Scaramuci once more reaffirmed that the crypto business has gained towards those that are anti-crypto.
Featured picture created with Dall.E, chart from Tradingview.com
