Bitcoin
SkyBridge Capital’s Scaramucci Claims Bitcoin Will Hit $250,000 If This US Presidential Candidate Wins
Antonio Scaramuccithe founder of SkyBridge Capital, predicted that Bitcoin could reach new all-time highs (ATH) when its preferred presidential candidate wins. He also stated that crypto has “already won” following recent developments in the industry.
Bitcoin could reach $250,000 when Joe Biden wins
Scaramucci mentioned during a interview in Unchained that he believes the market will witness a new ATH for Bitcoin during a second Biden administration if the current US president wins his re-election bid. As for how high Bitcoin can go, Scaramucci predicts the top cryptocurrency will rise to between $170,000 and $250,000.
The SkyBridge founder also revealed that he would vote for Joe Biden and stated that the good news for those who support Biden and crypto is that the “needle” has moved in a positive direction. Scaramucci attempted to banish the belief that this current government is anti-crypto, noting that Spot Ethereum ETFs have been approved and that there could be more Layer 1 ETFs.
Scaramucci further stated that although Biden vetoed the SAB 121 bill, he believes there will be a crypto bill in the next term of Congress that Biden will be willing to sign. Scaramucci is also optimistic about Biden’s second term regarding crypto because he believes the “anti-crypto nonsense,” which he says is sponsored by Senator Elizabeth Warren It is Gary GenslerIt will already be in the past by then.
Interestingly, Scaramucci served as White House Communications Director under former US President Donald Trump, making his support for Biden surprising. Trump also had recently stated his support for cryptocurrencies, suggesting he was more open to Bitcoin and other crypto assets than Biden.
However, despite all this, Scaramucci explained that he does not support Trump because the former US president is “very transactional”. He noted how Trump had an anti-crypto stance while he was still president and has now done a complete about-face, suggesting that Trump may only be supporting crypto because he wants to get votes from the crypto community.
Why Crypto “Already Won”
Scaramucci stated that the crypto industry has already won because it won Warren and Gensler, who he claims is very Trump-like and “authoritarian and autocratic.” He also noted how the crypto industry defeated the Securities and Exchange Commission (SEC) in court on several occasions, with some of these cases causing Commission to pay fines and be reprimanded by judges.
Scaramucci also claimed that the SEC was pressured by Biden Administration and his campaign team, who realized that being anti-crypto is bad for Biden’s campaign. Based on the points he outlined, Scaramuci again reaffirmed that the crypto industry has beaten those who are anti-cryptocurrencies.
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