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Scaramucci sees Trump era driving Bitcoin to $150K

Scaramucci sees Trump era driving Bitcoin to $150K

Grafa2024/11/15 09:00
By: Mahathir Bayena
BTC+0.72%SOL+1.02%

Skybridge Capital founder Anthony Scaramucci has projected that Bitcoin (CRYPTO:BTC) could surge to $150,000, anticipating regulatory changes under a Trump administration.

Speaking with Saxo, Scaramucci, who has substantial investments in BTC and Solana (CRYPTO:SOL), stated that depoliticising U.S. cryptocurrency policy would fuel growth in decentraliSed finance (DeFi) and blockchain sectors.

"I feel like Bitcoin should be $150,000 given the demand for Bitcoin and given the properties that Bitcoin has," expressed Anthony Scaramucci, founder of SkyBridge Capital. 

He highlighted reports that former SEC Chair Jay Clayton and former Acting Comptroller of the Currency Brian Brooks are preparing a “100-day plan” to refine stablecoin legislation and clarify the categorisation of crypto assets.

This plan could prove “incredibly favorable” for the industry by fostering a supportive regulatory framework.

Scaramucci, who briefly served as White House communications director under President Trump in 2017, acknowledged that U.S. regulations have held back Bitcoin’s growth.

He expressed hope that Trump’s policies could remove political biases in cryptocurrency regulation, supporting broader market expansion.

“I think it’s [bitcoin] been suppressed by U.S. faulty politicised regulation,” Scaramucci said.

He added that the Trump administration could help “depoliticiSe” crypto regulations, benefiting the sector.

Despite his support for potential pro-crypto moves, Scaramucci warned that certain Trump policies, such as NATO withdrawal or imposing significant tariffs, could have negative economic impacts that outweigh regulatory benefits.

“You don’t want them pulling out of NATO … You don’t want 500% tariffs,” he stated, noting that such actions could counteract the positive effects of new crypto policies.

At the time of reporting, the Bitcoin price was $87,212.86.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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