SkyBridge Capital’s Anthony Scaramucci Expects Pro-Crypto Presidential Bid


Anthony Scaramucci, the founder of hedge fund SkyBridge Capital, thinks the next US presidential candidate is likely to be pro-cryptocurrency, given that the US Securities and Exchange Commission (SEC) recently announced the approval of a fourth Bitcoin (BTC) futures contract. exchange-traded fund (ETF).

During an interview at SALT’s Crypto Bahamas conference, Scaramucci told TSWT that he’s been optimistic about a pro-crypto presidential candidate ever since the SEC approved Bitcoin futures under the Securities Act of 1933 ( ’33 Act) and the Securities Act of 1934 (’34 Act). He added:

“Congress indicates that they are more crypto-friendly. You now also have 73 million people who own cryptocurrency. Many of these people are single-issue voters, who will circulate in Congress. Upcoming positive regulation is a prediction from SkyBridge.

Given this, Scaramucci also hopes that a Bitcoin cash ETF will be approved by the end of 2022. “If that happens, it will force all major financial services institutions to offer a Bitcoin cash offering,” he said. he declared.

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Although it is difficult to predict the future, Scaramucci shared that SkyBridge Capital remains ahead of most financial institutions, noting that the hedge fund’s portfolio consists of Bitcoin, Ethereum (ETH) and other cryptocurrency tokens. layer 1, including Solana (SOL) and a fund entirely dedicated to the Algorand (ALGO) blockchain protocol.

Scaramucci further pointed out that 20% of his net worth is in Bitcoin, while 4%-5% is in Algorand’s ALGO token. “I bought my first Bitcoin in 2020 when the price was between $12,000 and $16,000, but I also bought BTC when the price was $65,000. I made a macro bet on Bitcoin. I probably have a quarter of my net worth in that stuff.

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