Scaramucci Predicts Trump’s Approval of Cryptocurrency Could Drive Bitcoin to $150K

Skybridge Capital founder Anthony Scaramucci is optimistic about the potential increase in Bitcoin’s value, predicting a shift towards a less politicized regulatory environment for cryptocurrencies under the upcoming U.S. administration.

In a recent interview with Saxo, Scaramucci, a significant investor in Bitcoin (BTC/USD) and Solana (SOL/USD), expressed confidence that a depoliticized regulatory landscape could drive growth in the decentralized finance and blockchain sectors.

Scaramucci believes that Bitcoin could reach $150,000 if regulatory issues are addressed. He mentioned that former SEC Chair Jay Clayton and former Acting Comptroller of the Currency Brian Brooks are working on a “100-day plan” to revise stablecoin legislation and clarify asset classifications, which could benefit the cryptocurrency sector.

Despite endorsing Vice President Kamala Harris over Donald Trump for the 2024 presidential race, Scaramucci acknowledged Trump’s positive stance on cryptocurrencies and expressed willingness to contribute to shaping crypto regulations if given the opportunity. However, he warned that Trump’s isolationist policies could have negative impacts on the U.S. economy.

The potential shift towards a less politicized regulatory environment for cryptocurrencies could lead to significant growth in the defi and blockchain sectors. This, combined with proposed updates to stablecoin legislation and asset categorizations, could create a more favorable environment for cryptocurrencies, potentially driving their values higher. Scaramucci’s prediction of Bitcoin reaching $150,000 reflects this optimism, but the impact of political changes on the regulatory landscape remains uncertain.