Founder of Skybridge Capital Anthony Scaramucci forecasts a significant increase in the value of Bitcoin, forecasting a potential shift towards a less politicized regulatory environment for cryptocurrencies under the next US administration.
What happened: Scaramucci, who will be a keynote speaker at Benzinga’s upcoming Future of Digital Assets event on Tuesday, expressed optimism about U.S. crypto policy in a recent interview with Saxo.
Be a significant investor in Bitcoin BTC/USD And Solana SOL/USDScaramucci believes that a depoliticized regulatory landscape could fuel the growth of the decentralized finance and blockchain sectors.
Scaramucci predicts that the value of Bitcoin could reach $150,000 if regulatory issues are resolved. He also mentioned that the former chairman of the United States Securities and Exchange Commission (SEC) Jay Clayton and former Acting Comptroller of the Currency Brian Brooks are reportedly working on a “100-day plan” to revise stablecoin legislation and clarify asset classifications.
According to Scaramucci, this decision could greatly benefit the cryptocurrency sector.
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Despite his support for the vice president Kamala Harris on Donald Trump For the 2024 presidential race, Scaramucci acknowledged Trump’s positive stance on cryptocurrencies and expressed his willingness to help shape cryptocurrency regulations if given the opportunity.
He warned, however, that Trump’s isolationist policies could potentially have a negative impact on the US economy.
“I think Bitcoin was suppressed by faulty politicized regulation of the United States and so that’s one of the good things about the Trump administration, they’re going to depoliticize regulation on cryptocurrency, which will be very good for crypto,” he said in the interview.
Why it matters: The potential shift towards a less politicized regulatory environment for cryptocurrencies could lead to significant growth in the defi and blockchain sectors.
This change, coupled with proposed updates to stablecoin legislation and asset categorization, could create a more favorable environment for cryptocurrencies, potentially leading to a rise in their values.
Scaramucci’s prediction that Bitcoin would hit $150,000 reflects this optimism. However, the impact of political changes on the regulatory landscape remains to be measured.
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