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Breaking News: Bitcoin Price Slips Below $108,000: Peter Schiff Anticipates ‘Brutal’ Bear Market, CZ Responds
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Breaking News: Bitcoin Price Slips Below $108,000: Peter Schiff Anticipates ‘Brutal’ Bear Market, CZ Responds

SkyBridge Capital’s Scaramucci Says Bitcoin Will Reach $250,000 Is This US Presidential Candidate Wins

Scott Matherson
Scott Matherson
1 year ago
3 mins read
Bitcoin

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Anthony Scaramucci, the founder of SkyBridge Capital, has predicted that Bitcoin could reach new all-time highs (ATH) when his preferred presidential candidate wins. He also claimed that crypto “has already won” following recent developments in the industry. 

Bitcoin Could Rise To As High As $250,000 When Joe Biden Wins

Scaramucci mentioned during an interview on Unchained that he believes that the market will witness a new ATH for Bitcoin during a second Biden administration if the incumbent US President wins his reelection bid. As to how high 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 also revealed that he would be voting for Joe Biden and claimed that the good news for those who support Biden and crypto is that the “needle” has moved in a positive direction. Scaramucci tried to banish the belief that this current government is anti-crypto, noting that the Spot Ethereum ETFs have been approved, and 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 ensuing congressional term that Biden will be willing to sign. Scaramucci is also bullish on Biden’s second term in relation to crypto because he believes that the “anti-crypto nonsense,” which he says is sponsored by Senator Elizabeth Warren and Gary Gensler, will be in the past by then. 

Interestingly, Scaramucci served as the White House Director of Communications under former US President Donald Trump, making his support for Biden surprising. Trump had also recently affirmed his support for cryptocurrencies, suggesting he was more open to Bitcoin and other crypto assets than Biden.

However, despite all these, Scaramucci explained he isn’t supporting 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 made a complete turnaround, suggesting that Trump might just be supporting crypto because he wants to get votes from the crypto community.  

Why Crypto Has “Already Won”

Scaramucci stated that the crypto industry has already won because it beat Warren and Gensler, who he claims are very Trump-like and “authoritarian and autocratic.” He also noted how the crypto industry has defeated the Securities and Exchange Commission (SEC) in court on several occasions, with some of these cases causing the Commission to pay fines and be rebuked by Judges.  

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Scaramucci also claimed that the SEC has been pressured by Biden’s administration and his campaign team, who have realized that being anti-crypto is bad for Biden’s campaign. Based on those points he outlined, Scaramuci again reaffirmed that the crypto industry has won against those who are anti-crypto. 

Bitcoin price chart from Tradingview.com
BTC price falls to $61,000 | Source: BTCUSD on Tradingview.com
Featured image created with Dall.E, chart from Tradingview.com
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Scott Matherson
Scott Matherson

Scott Matherson

Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers.

Read more

Scott’s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott’s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life.

With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others.

Scott’s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott’s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry.

Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors.
In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else.

Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies.

Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

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