Anthony Scaramucci: Wall Street ‘Selling Machine’ Fuels Huge Demand for Bitcoin, Predicts Continued Growth
SkyBridge Capital founder Anthony Scaramucci believes that Bitcoin (BTC) has significant upside potential due to strong demand and decreasing supply levels.
During a recent interview on CNBC, the hedge fund veteran mentioned that the approval of Bitcoin spot market exchange-traded funds (ETFs) has paved the way for fresh capital to flow into BTC.
Scaramucci also highlighted the increasing interest from Wall Street, with thousands of BTC being purchased daily. Additionally, he pointed out that Bitcoin is set to reduce its daily supply issuance in half through the halving, further driving up demand.
As of now, Bitcoin is trading at $69,320, showing a nearly 2% increase in the past day.
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