CandleFocus

Anthony Scaramucci ‘Wildly Bullish’ on Bitcoin, Says ETFs Providing Catalyst for Mass Adoption

Anthony Scaramucci, the founder of SkyBridge Capital, believes that mass adoption of Bitcoin will be driven by the introduction of Bitcoin exchange-traded funds (ETFs). He argues that ETFs will attract a wider range of investors, including public entities, and expects investment portfolios to eventually include a percentage of Bitcoin alongside other assets like stocks and gold. Scaramucci cites the example of the state of Wisconsin, which purchased $150 million worth of Bitcoin as part of its asset allocation strategy. He concludes by stating that the increasing interest in Bitcoin will likely drive its price higher.

Related News