Bitcoin (BTCUSD)

[ap17]

CRYPTO IS FOR EVERYONE 👨‍⚖️
Crypto should not be politicised.

Crypto is for everyone.

That’s the latest message out from Anthony Scaramucci.

Scaramucci
For those not familiar with Scaramucci, he’s a well-known American investor.

He’s the founder of SkyBridge Capital, an investment firm that has over $2 billion under management.

In his latest interview, Scaramucci discussed Bitcoin as a political issue.

So far, Trump has come out in support of crypto.

A clear 180 from comments made during 2019…

Trump
Scaramucci believes that the Biden administration has failed the crypto industry.

Namely by appointing Gary Gensler as chair of the SEC - who has unfairly cracked down on crypto companies.

Scaramucci explains that crypto shouldn’t be a political issue.

“The regulation of cryptocurrency and blockchain should not be partisan or politicised… We need both parties to agree on appropriate commercially attractive regulation for the industry.”


Anthony Scaramucci
In Scaramucci’s eyes, the Democrats are making a HUGE mistake.

And Trump is clearly winning the single issue crypto vote…

But Biden still has time to show his support…

Moving on, Scaramucci also gave some Bitcoin price targets:

“I do believe that this is going to go to $100,000 by year end… And above $200,000 by the end of next year… I just think that there is an overwhelming amount of institutional demand coming into the Bitcoin market.”


Anthony Scaramucci
He even made a long-term prediction:

“In 10 years, it is not impossible that Bitcoin could be between $600,000 and $800,000 and still be lower than the overall market cap of gold.”


Anthony Scaramucci
Why does Scaramucci have these bullish price targets?

Well from his 36 years of experience on Wall Street, he knows how crazy this institutional demand can get:

“Wall Street is a selling machine. Wall Street is just now getting this product onboarded at wire houses, brokerage houses, registered investment advisors etc. Two years from now every person that manages wealth will have Bitcoin as a weapon.”


Anthony Scaramucci
The managed wealth industry in the United States is expected to reach $73.3 trillion by 2025…

A 2% allocation to Bitcoin across trillions of dollars would be MASSIVE. 😎