Pro-Crypto Candidates on the Horizon
Anthony Scaramucci, the founder of SkyBridge Capital, has a crystal ball that’s buzzing with optimism about the upcoming United States presidential candidates. He believes that the next political figure could very well be pro-cryptocurrency, and honestly, considering how Bitcoin is finding its way into everyday conversations, can you blame him?
The SEC’s Shift: A Game Changer
During an eye-opening interview at the SALT’s Crypto Bahamas conference, Scaramucci pointed out the recent approval of a fourth Bitcoin futures exchange-traded fund (ETF) by the U.S. Securities and Exchange Commission (SEC). He sees this as a clear signal that Congress is becoming more crypto-friendly. After all, with about 73 million Americans dabbling in cryptocurrency, it’s easy to see why they would make this a pivotal issue come election time.
The Ripple Effect of Voter Sentiment
The presence of crypto-voters is no small issue. They are often single-issue voters, which spells a potentially massive shift in political priorities. Scaramucci confidently states,
“Positive regulation ahead is a prediction from SkyBridge.”
If this trend continues, we might witness a ripple effect where more candidates start embracing the digital currency realm.
The Bitcoin Spot ETF: Why It Matters
Scaramucci has set his sights on another significant milestone—the approval of a Bitcoin spot ETF. He believes that if this becomes a reality by the end of 2022, it could force major financial institutions to embrace Bitcoin cash offerings. Imagine the scene: your local bank offering you the chance to invest in Bitcoin while you wait to deposit your paycheck—it’s almost like a dream come true for a crypto enthusiast!
SkyBridge Capital’s Bold Investments
Scaramucci proudly shares that SkyBridge Capital houses a diverse portfolio, including Bitcoin, Ethereum (ETH), and emerging players like Solana (SOL). He is quite the investor, having put 20% of his net worth into Bitcoin alone, alongside a cheeky 4-5% in Algorand (ALGO). Scaramucci reminisces about buying his first Bitcoin back when it was trading between $12,000 and $16,000, but he wasn’t shy about scooping up more even when the price soared to $65,000. Talk about having faith!
Final Thoughts
As we await both the political landscape and potential regulatory shifts, one thing is clear: whether you’re on the Bitcoin train or making a pitstop, the future looks bright for cryptocurrency enthusiasts. With voices like Scaramucci’s leading the charge, we might be closer than ever to mainstream acceptance and, dare we say, legitimacy in the eyes of traditional finance.
+ There are no comments
Add yours