CandleFocus Anthony Scaramucci ‘Wildly Bullish’ on Bitcoin, Says ETFs Providing Catalyst for Mass Adoption
2024-10-15
Author: Content Editor
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.
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