At the Bitcoin MENA conference in Abu Dhabi, Anthony Scaramucci, founder of SkyBridge Capital and former White House Communications Director, predicted that China will re-enter the Bitcoin market by the end of 2025. Scaramucci believes that as the United States embraces digital assets, it would be impossible for other countries, including China, not to do the same. He suggests that China may add Bitcoin to its reserve assets and legalize mining. Despite China's previous crackdown on cryptocurrencies, a significant number of miners are still operating in the country. Scaramucci's prediction is based on the shifting global landscape around Bitcoin and the potential for wider adoption driven by the US. If his forecast proves correct, China's re-entry into the Bitcoin market could have significant implications for demand, legitimacy, and the global balance of financial power.
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