Bitcoin Bull Millionaire Anthony Scaramucci Speaks About the Future of the Cryptocurrency Market

SkyBridge Capital Founder and Managing Partner Anthony Scaramucci spoke on CNBC’s Squawk Box about the Bitcoin rally, his optimism about cryptocurrency regulation, and his views on the future of stablecoins in the global financial system. Speaking on the program, Scaramucci stated that Bitcoin has risen to $ 111,000, and attributed this rise to both investor interest and bipartisan regulatory efforts regarding stablecoins in the US. “Stablecoin laws will help Bitcoin and crypto assets in general to be placed on a more institutional and legal basis,” Scaramucci said, adding that initiatives such as the “Stable Act” and “Genius Act” are particularly noteworthy. According to Scaramucci, stablecoins can be a tool that will support not only the crypto ecosystem but also the global strength of the US dollar. In his statement on this subject, he used the following expressions: “Stablecoins will reduce global transaction costs and greatly benefit those without access to the banking system. In addition, the reserves of these coins are mostly US Treasury bonds. This could strengthen the dollar’s position as a global reserve currency.” Related News: Following Record Highs in Bitcoin, US Crypto Chief David Sacks Makes Critical Statements Scaramucci highlighted that major stablecoin issuers like Tether have a larger holding in US Treasury bonds than countries like Germany or Japan. Anthony Scaramucci also touched on President Donald Trump’s stance on crypto assets. Stating that he finds some of Trump’s deregulation steps positive, Scaramucci also said that “memecoin”-based campaign messages or controversial approaches regarding wallet control create a negative perception in the sector. Scaramucci stated that due to increasing public spending and central bank monetary policies, many investors tend to turn to alternative assets other than the US dollar. Stating that Bitcoin stands out as an attractive store of value due to its limited supply, the investor said, “The unconscious spending of central banks for a long time is now directing investors to more reliable havens.” Scaramucci singled out Circle among the companies he invested in in the stablecoin sector. Describing the company’s founder Jeremy Allaire and his team as “very successful in terms of regulatory compliance,” Scaramucci stated that he has confidence in Circle as one of the leaders in the stablecoin sector. *This is not investment advice. Continue Reading: Bitcoin Bull Millionaire Anthony Scaramucci Speaks About the Future of the Cryptocurrency Market

Source: BitcoinSistemi