Anthony Scaramucci Forecasts a ‘Remarkably Bullish’ Two Decades Ahead For Bitcoin

Anthony Scaramucci Forecasts a ‘Remarkably Bullish’ Two Decades Ahead For Bitcoin
ôîòî ïîêàçàíî ñ : zycrypto.com

2023-9-25 21:49

Bitcoin (BTC) experienced a price drop earlier this week, falling below the $27,000 mark, as investors digested reports from the Federal Open Market Committee (FOMC) meeting following the Federal Interest Rate decision. The current market sentiment reflects a period of consolidation, potentially influenced by profit-taking following a previous upward trend in mid-September.

Despite the ongoing market fluctuations, Anthony Scaramucci, founder of New York-based global investment firm SkyBridge Capital, remains steadfastly optimistic about Bitcoin’s long-term prospects. Speaking at the Messari Mainnet conference in New York on Wednesday, Scaramucci asserted that the worst of the bear market is over and that Bitcoin is superior to gold in value and utility.

Scaramucci’s bullish stance is based on his belief that Bitcoin will continue to gain popularity, particularly among younger generations, who will play a crucial role in mainstreaming the cryptocurrency over the next two decades.

“You (young people) will be mainstreaming Bitcoin the way my generation mainstreamed the internet,” he said. “The next 10 to 20 years are remarkably bullish (for bitcoin).”

He acknowledged potential challenges in the macroeconomic environment, including rising interest rates and regulatory scrutiny, but maintained his conviction that Bitcoin’s appeal as a store of value will persist.

Scaramucci further argued that, as wealth is created in society, a portion will flow into digital assets, with Bitcoin likely the primary beneficiary. He emphasized Bitcoin’s superiority to gold, even though gold’s purchasing power has grown significantly over the past five decades.

“If you got your bitcoin, I wouldn’t sell your bitcoin, you made it through winter,” Scaramucci added, stressing this is one of the reasons he was bullish. 

The former White House communications chief also revealed that he anticipates that the widespread adoption of Bitcoin exchange-traded funds (ETFs) by institutional investors will drive massive adoption and further widen the market for Bitcoin.

Scaramucci’s positive outlook on Bitcoin comes just days after he called for the resignation of SEC Chairman Gary Gensler. He joins a chorus of voices within the crypto community and lawmakers who have expressed concerns about Gensler’s regulatory approach, which some perceive as stifling innovation.

Meanwhile, while Scaramucci’s call for Gensler’s resignation remains verbal, some lawmakers, such as US Congressman Warren Davidson, have taken more concrete steps, including introducing a bill to reorganise the SEC to address concerns by the crypto sector.

At press time, Bitcoin was trading at $26,620, with the price remaining largely unmoved over the past two or so days. 

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) íà Currencies.ru

$ 96843.87 (-0.12%)
Îáúåì 24H $42.84b
Èçìåíåèÿ 24h: -0.61 %, 7d: -5.67 %
Cåãîäíÿ L: $96041.94 - H: $97458.26
Êàïèòàëèçàöèÿ $1917.47b Rank 1
Öåíà â ÷àñ íîâîñòè $ 26252.05 (268.9%)

federal bitcoin investors digested reports mark decision

federal bitcoin → Ðåçóëüòàòîâ: 126


Bitcoin is the 11th largest monetary system in the world, ahead of Korean won

Bitcoin’s current market capitalization would make it the 9th largest monetary system in the world, ahead of the Korean won and behind the Russian ruble. Bitcoin continues to grow The monetary base is defined by the US Federal Reserve as: “The sum of currency in circulation and reserve balances—deposits held by banks and other depository […] The post Bitcoin is the 11th largest monetary system in the world, ahead of Korean won appeared first on CryptoSlate.

2019-6-21 10:46


Donald Trump and Fed Chairman Distrust is Bullish for Bitcoin: Billionaire Investor

Bitcoin is going to benefit from the growing distrust between the US President Donald Trump and Federal Reserve Chairman Jerome Powell, believes Mr. Michael Novogratz of Galaxy Digital, LLC. The billionaire founder said on Wednesday that he is becoming “more bullish” on bitcoin after President Trump reportedly threatened to demote Mr.

2019-6-19 18:44


Bitcoin a Good Buy if Trade Tension Persists, Admits Wall Street Skeptic

By CCN: The frequently volatile stock market provides rare hideouts for investors but one of them could be bitcoin, according to Mr. Peter Boockvar of Bleakley Advisory Group. The chief investment officer said this week that a sharp rise in bitcoin price indicated that investors were unsure about the Federal Reserve’s stance on interest rate cuts, as well as about the outcome of an ongoing trade war between the US and China that kept buying sentiment weaker in both the Western and Asian stock markets.

2019-6-7 11:28


Crypto Valley association announces additional Microsoft, Consensys, and Bitcoin Suisse Partnerships for Crypto Valley Conference 2019

The speaker list for the event has also been supplemented with representatives from the Swiss Federal Department of Finance, Binance, Parity and more. The Crypto Valley Association has announced new speakers for this year’s Crypto Valley Conference, taking place from 24-26th June 2019, in association with the Lucerne University of Applied Sciences and Arts.

2019-6-7 10:25


Ôîòî:

FBI Seeks for QuadrigaCX Victims to Aid Ongoing Investigation

According to a report by the Federal Bureau of Investigation (FBI) on June 3, 2019, it is conducting an ongoing investigation alongside the Internal Revenue Service Criminal Investigation (IRS-CI), the United States Attorney’s Office for the District of Columbia, and the Department of Justice’s Computer Crime and Intellectual Property Section to seek victims who lostRead MoreRead More.

2019-6-5 13:00


US Federal Attorney: Bitcoin Used to Indict Suspected Fentanyl, Proves It is No Good for Evading Authorities

Another suspected dark web drug dealer is about to stand trail because he wrongly believed Bitcoin transactions were entirely anonymous. This has prompted the US Attorney for the Northern District of Texas, Erin Nealy Cox, to issue a warning for all those attempting to deal drugs online using Bitcoin.

2019-5-30 00:00


Ôîòî:

Australian Worker Faces Jail Term for Illegal Bitcoin Mining  

Despite the fact that the price of bitcoin and other digital assets are just trying to recover from the winter of 2018, the crypto fever remains as hot as ever. Now, the Australian Federal Police (AFP) have charged a 33-year-old Sydney man for illegally mining cryptos with the federal government agency’s computers, reports local newsRead MoreRead More.

2019-5-22 11:00


Ôîòî:

Court Dismisses Lawsuit by Aggrieved ICO Investors Against Floyd Mayweather and DJ Khaled

In a new development regarding the lawsuit brought against Floyd Mayweather and DJ Khaled by some aggrieved Centra Tech ICO investors, a US federal judge has dismissed the case. According to a court document on May 13, 2019, the judge granted an omnibus order on motion to dismiss, on the grounds that the plaintiffs’ decisions were notRead MoreRead More.

2019-5-16 15:00


Ôîòî:

Israeli Police, FBI Apprehend Owners of Darknet Site Deep Bot Web

Two Israeli citizens have been apprehended by law enforcement based on suspicions that they developed and ran a darknet marketplace for dealing illegal goods. The Israeli police announced via Twitter that it has collaborated with the United States Federal Bureau of Investigation (FBI) to arrest two locals who they believe managed the dark web marketplace, which used bitcoin to facilitate trades.

2019-5-8 18:42


Ôîòî:

Israeli Police, FBI Apprehend Owners of Darknet Site Deep Dot Web

Two Israeli citizens have been apprehended by law enforcement based on suspicions that they developed and ran a darknet marketplace for dealing illegal goods. The Israeli police announced via Twitter that it has collaborated with the United States Federal Bureau of Investigation (FBI) to arrest two locals who they believe managed the dark web marketplace, which used bitcoin to facilitate trades.

2019-5-8 18:42


Ôîòî:

Blockchain-Based E-Voting to be Piloted During Moscow Student Elections

Moscow authorities are planning to test their blockchain-based electronic voting program in the forthcoming student council elections, as reported by the Russian news outlet Tass on May 6, 2019, Not a Replacement, but a New Option The Russian federal authorities have previously displayed immense interest in blockchain technology and cryptocurrencies.

2019-5-7 17:00