Bitcoin Bull Run Still ‘In Tact’, According to SkyBridge Capital’s Anthony Scaramucci

Anthony Scaramucci Bullish on Ethereum But Institutional Demand Goes to Bitcoin Only

Bitcoin’s 2021 bull cycle was paused, not entirely stopped, and will resume, opined the founder of SkyBridge Capital – Anthony Scaramucci. In a new interview, the former White House Communications Director addressed the recent environmental issues and called Bitcoin a fully robust monetary network.

  • Yesterday’s market crash that saw bitcoin sliding by more than $10,000 in minutes sent shockwaves among investors and commentators rushing to offer their opinion on the matter.
  • The latest to do so is the founder of SkyBridge Capital – Anthony Scaramucci. Speaking to CNBC, the investor reaffirmed his bullish views on the primary cryptocurrency and asserted that the asset’s impressive performance in 2021 will continue.
  • Similarly to the most discussed market crash theories, Scaramucci touched upon the “tremendous amounts of leveraged traders.” As reported yesterday, the liquidations skyrocketed to over $8 billion on a 24-hour scale. Nevertheless, Scaramucci predicted that “long term, bitcoin is bouncing back.”
  • Additionally, he addressed some of the most recent FUD coming from different directions, starting with Elon Musk’s attacks on bitcoin due to environmental issues.
  • However, Scaramucci said that his organization’s research pointed out that a substantial amount of the energy BTC uses comes from renewable sources. He also noted that bitcoin’s “overall carbon emission is 0.13%.”
  • “So, if you tie the facts with what the claims are – they don’t fit.” – he explained.

  • In terms of China, where the world’s most populated nation reiterated its negative stance on BTC lately, Scaramucci said, “I accept the fact that China may never allow a cryptocurrency because they have a closed economic system.”
  • However, he noted that Facebook, Google, and other social platforms kept rising in popularity, despite their “censorship problems in China.”
  • As such, he concluded that these stories will not match bitcoin’s solid fundamentals in the long term and added:
  • “We just think that Bitcoin is a fully robust monetary network scaling to over 110 million users right now and possibly 1 billion users by 2025.”


Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

WP Twitter Auto Publish Powered By :

We use cookies to give you the best online experience. By agreeing you accept the use of cookies in accordance with our cookie policy.