Anthony Scaramucci, the founding father of SkyBridge Capital, has predicted that Bitcoin may attain new all-time highs (ATH) when his most popular presidential candidate wins. He additionally claimed that crypto “has already won” following latest developments within the trade.
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 can be voting for Joe Biden and claimed that the excellent news for individuals who help Biden and crypto is that the “needle” has moved in a optimistic route. Scaramucci tried to banish the assumption that this present authorities is anti-crypto, noting that the Spot Ethereum ETFs have been accepted, and there may very well be extra layer-1 ETFs.
Scaramucci additional acknowledged that though Biden vetoed the SAB 121 invoice, he believes there can be a crypto invoice within the ensuing congressional time period that Biden can be keen 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, can be previously by then.
Interestingly, Scaramucci served because the White House Director of Communications beneath former US President Donald Trump, making his help for Biden shocking. Trump had additionally lately affirmed his help 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 a whole turnaround, suggesting that Trump may simply be supporting crypto as a result of he desires to get votes from the crypto group.
Why Crypto Has “Already Won”
Scaramucci acknowledged that the crypto trade has already received 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 trade has defeated the Securities and Exchange Commission (SEC) in courtroom on a number of events, with a few of these instances 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 group, 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 trade has received in opposition to those that are anti-crypto.
Featured picture created with Dall.E, chart from Tradingview.com