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


Anthony Scaramucci predicts that the following presidential candidate might be pro-crypto and {that a} Bitcoin ETF will occur by the top of 2022, given current developments on Capitol Hill.

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

Anthony Scaramucci, the founding father of the hedge fund SkyBridge Capital, thinks that the following United States presidential candidate will possible be pro-cryptocurrency, provided that the U.S. Securities and Alternate Fee (SEC) just lately introduced the approval of a fourth Bitcoin (BTC) futures exchange-traded fund (ETF).

Throughout an interview at SALT’s Crypto Bahamas convention, Scaramucci advised Cointelegraph that he has been bullish on a pro-crypto presidential candidate because the SEC accredited Bitcoin futures underneath the Securities Act of 1933 (‘33 Act) and the Securities Act of 1934 (’34 Act). He added:

“The Congress is indicating that they’re extra crypto-friendly. You now even have 73 million people who personal cryptocurrency. Plenty of these individuals are single-issue voters, which can flow into by Congress. Constructive regulation forward is a prediction from SkyBridge.”

Given this, Scaramucci additionally hopes {that a} Bitcoin spot ETF might be accredited by the top of 2022. “If this occurs, it’s going to drive all main monetary providers establishments to have a Bitcoin money providing,” he mentioned.

Whereas it’s laborious to foretell the long run, Scaramucci shared that SkyBridge Capital stays forward of most monetary establishments, noting that the hedge fund’s portfolio consists of Bitcoin, Ethereum (ETH) and different layer-1 tokens together with Solana (SOL) and a fund devoted totally to the blockchain protocol Algorand (ALGO).

Scaramucci additional remarked that 20% of his internet value is in Bitcoin, whereas 4%–5% is in Algorand’s ALGO token. “I purchased my first Bitcoin in 2020 when the worth was between $12,000 to $16,000, however I’ve additionally purchased BTC when the worth was at $65,000. I’ve made a macro guess on Bitcoin. I most likely have 1 / 4 of my internet value on this stuff.”

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