Anthony Scaramucci, the founder of Skybridge Capital, has outlined his continued optimism for bitcoin. He stressed that every Wall Street company would have a bitcoin exchange-traded fund (ETF) in its toolbox that they will sell to their clients and said: "The next 10 to 20 years are remarkably bullish." He continued, "If you got your bitcoin, I wouldn't sell your bitcoin; you made it through the winter."
Scaramucci Continues to Support Bitcoin
On Thursday at the Messari Mainnet conference in New York, Anthony Scaramucci, the founder of Skybridge Capital, gave a fireside chat titled "Why I'm Still Bullish," in which he discussed his reasons for continuing to be bullish on bitcoin.
He counseled that nothing indicates that the worst of the bitcoin bear market has passed:
You survived the winter, so if you got your bitcoin, I wouldn't sell it. The outlook over the next 10 to 20 years is very positive.
In his opinion, young people "will be mainstreaming bitcoin" in a similar fashion to how his age "mainstreamed the internet."
The creator of Skybridge Capital issued a warning that there are still headwinds in the macro environment, such as increasing interest rates, a Securities and Exchange Commission (SEC) chairman who is focused on enforcement, and unfavorable perceptions surrounding the adoption of cryptocurrencies. However, he is still upbeat about BTC, saying that "as wealth is created in society, a portion of that wealth is going to get chipped off for digital assets, most likely bitcoin." Additionally, he reaffirmed his steadfast belief that "Bitcoin is better than gold."
The legalization of bitcoin exchange-trading funds (ETFs), according to Scaramucci, will also transform the game. Once bitcoin ETFs are widely available, he predicts that BTC will be adopted heavily and broadly. The founder of Skybridge Capital stated:
Every Wall Street company will have a bitcoin ETF in their toolbox. Wall Street sells to its customers anything it has in its arsenal. The [market for bitcoin] will grow.
Do you concur with Anthony Scaramucci, the founder of Skybridge Capital, regarding the prospects for bitcoin? Comment below with your thoughts and let us know.