Anthony Scaramucci, founder of Skybridge Capital, predicts a significant rise in the value of Bitcoin, anticipating a possible shift towards a less politicized regulatory environment for cryptocurrencies under the American government to come.
What happened : Scaramucci, guest of honor of the event Future of Digital Assets hosted by Benzinga on Tuesday, November 16, expressed optimism about U.S. cryptocurrency policy during a recent interview with Saxo.
Being a significant investor in Bitcoin (CRYPTO: BTC) and Solana (CRYPTO:SOL), Scaramucci believes that a depoliticized regulatory framework could spur growth in the decentralized finance and blockchain sectors.
Scaramucci predicts that the value of Bitcoin could skyrocket to $150,000 if regulatory issues are addressed. He also mentioned that the former chairman of the United States Securities and Exchange Commission (SEC), Jay Claytonand the first advisor to the management of the Office of the Comptroller of the Currency, Brian Brooksare supposedly working on a “100-day plan” to revise stablecoin legislation and clarify asset classifications.
According to Scaramucci, this movement could greatly benefit the cryptocurrency sector.
Anthony Scaramucci, founder of Skybridge Capital, predicts a significant rise in the value of Bitcoin, anticipating a possible shift towards a less politicized regulatory environment for cryptocurrencies under the next US government.
Scaramucci, despite his support for the vice-president Kamala Harris rather than Donald Trump for the 2024 presidential election, acknowledged Trump’s positive stance on cryptocurrencies and expressed willingness to help shape cryptocurrency regulation if the opportunity arose.
However, he warned that Trump’s isolationist policies could potentially have a negative impact on the US economy.
“I think Bitcoin has been stifled by failed politicized US regulation, and that’s one of the good things about the Trump administration, which is going to depoliticize cryptocurrency regulations, which would be very good for crypto” , he said during the interview.
Why it matters : A possible shift towards a less politicized regulatory environment for cryptocurrencies could lead to significant growth in the decentralized finance and blockchain sectors.
This change, coupled with proposed updates to stablecoin legislation and asset categorizations, could provide a more favorable environment for cryptocurrencies, potentially driving up their value.
Scaramucci’s prediction that Bitcoin will hit $150,000 reflects this optimism. However, the impact of political changes on the regulatory framework remains to be determined.
An example of this optimism is Anthony Scaramucci’s prediction that Bitcoin could reach $150,000. However, the impact of political changes on the regulatory framework remains to be determined.
