SkyBridge Capital’s Anthony Scaramucci expects a pro-crypto presidential candidacy

SkyBridge Capital’s Anthony Scaramucci expects a pro-crypto presidential candidacy

A pro-crypto presidential candidate will not only give the industry a boost, but will also change how Americans view cryptocurrencies.

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SkyBridge Capital’s Anthony Scaramucci expects a pro-crypto presidential candidacy

SkyBridge Capital’s Anthony Scaramucci expects a pro-crypto presidential candidacy

 

Given that the US Securities and Exchange Commission (SEC) just approved a fourth Bitcoin (BTC)futures exchange-traded fund, Anthony Scaramucci, the founder of the hedge fund SkyBridge Capital, believes that the next US presidential candidate will likely be pro-cryptocurrency (ETF).

Scaramucci told Cointelegraph during an interview at SALT’s Crypto Bahamas conference that because the SEC authorized Bitcoin futures under the Securities Act of 1933 (’33 Act) and the Securities Act of 1934 (’34 Act), he is optimistic about a pro-crypto presidential contender. He continued, “

“The Congress is signaling that it is more crypto-friendly.” There are now 73 million individuals that possess cryptocurrencies. Many of these folks are single-issue voters, and their votes will be passed around Congress. SkyBridge predicts positive regulation in the future.”

Given this, Scaramucci anticipates the approval of a Bitcoin spot ETF before the end of 2022. “If this occurs, all major financial services organizations would be forced to accept Bitcoin cash,” he stated.

While it’s impossible to predict the future, Scaramucci stated that SkyBridge Capital is still ahead of most financial institutions, noting that the hedge fund’s portfolio includes Bitcoin, Ethereum (ETH), and other layer-1 tokens such as Solana (SOL), as well as a fund dedicated solely to the blockchain protocol Algorand.

Scaramucci also said that Bitcoin accounts for 20% of his net wealth, with Algorand’s ALGO token accounting for 4%. “I purchased my first Bitcoin in 2020, when the price was between $12,000 and $16,000, but I’ve also purchased BTC at $65,000.” I’ve placed a Bitcoin macro bet. This thing probably accounts for a fourth of my total value.”

Check out the whole interview on our YouTube channel, and remember to subscribe!

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