Anthony Scaramucci, the founder of SkyBridge Capital, has made some bold predictions regarding Bitcoin’s price if Joe Biden wins the upcoming US presidential election. During an interview on Unchained, Scaramucci claimed that Bitcoin could potentially reach new all-time highs under a second Biden administration. He anticipates that Bitcoin’s price could soar to anywhere between $170,000 and $250,000 if the incumbent President secures reelection.
Despite serving as the White House Director of Communications under former President Donald Trump, Scaramucci has expressed his support for Joe Biden in the upcoming election. He highlighted that he believes the current government is not anti-crypto, pointing to recent approvals of Spot Ethereum ETFs and potential for more layer-1 ETFs. Scaramucci also mentioned that while Biden vetoed the SAB 121 bill, he expects a pro-crypto bill to be passed during the next congressional term.
Scaramucci’s decision to support Biden over Trump stems from his belief that the former President is “very transactional.” He noted Trump’s previous anti-crypto stance while in office and suggested that his recent pro-crypto sentiments may be a strategic move to garner votes from the crypto community. Despite Trump’s newfound support for cryptocurrencies, Scaramucci remains skeptical of his intentions.
According to Scaramucci, the crypto industry has already achieved significant victories against figures like Senator Elizabeth Warren and Gary Gensler, who are perceived as anti-crypto. He emphasized how the industry has successfully challenged the Securities and Exchange Commission (SEC) in court, leading to fines and criticisms against the Commission. Scaramucci also mentioned that the SEC has faced pressure from Biden’s administration to reconsider its anti-crypto stance.
Anthony Scaramucci’s optimistic outlook on Bitcoin’s future price potential under a second Biden administration reflects his confidence in the continued growth and acceptance of cryptocurrencies. While his support for Biden may seem surprising given his past ties to Trump, Scaramucci’s analysis of the political landscape and the crypto industry’s progress provides insights into the evolving relationship between government policies and digital assets.