On the Unchained podcast, the entrepreneur said that the main factor in increasing the value of Bitcoin will be the adoption of the asset as a valuable investment instrument by institutional funds.
Anthony Scaramucci is confident that current US President Joe Biden will win the upcoming elections in the fall of 2024, which will not prevent the first cryptocurrency from demonstrating an increase in quotations on stock exchanges.
“Soon the share of bitcoin in the portfolios of major players will be 3%. And when this happens, there will be a huge demand for Bitcoin,” said the founder of SkyBridge Capital.
As an example, Anthony Scaramucci cited investments in bitcoin by the Wisconsin Investment Council through ETFs worth more than $160 million. The businessman called the approval of spot bitcoin ETFs an important overcoming of regulatory barriers to attract new funds from institutional players.
In addition, the entrepreneur predicted the growth of ether to $12,000 after the rally of the first cryptocurrency takes place.
Previously, Anthony Scaramucci advised Bitcoin investors not to sell the cryptocurrency, even if they are scared by market volatility.
Source: Bits
I am an experienced journalist, writer, and editor with a passion for finance and business news. I have been working in the journalism field for over 6 years, covering a variety of topics from finance to technology. As an author at World Stock Market, I specialize in finance business-related topics.
