SkyBridge Capital’s Anthony Scaramucci expects a pro-crypto presidential candidacy

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Anthony Scaramucci, the founder of hedge fund Skybridge Capital, believes the next United States presidential candidacy will be pro-cryptocurrency, as the US Securities and Exchange Commission (SEC) recently approved a fourth bitcoin (BTC) futures exchange. approval was announced. -traded funds (ETFs).

During an interview at SALT’s Crypto Bahamas conference, Scaramucci told Cointelegraph that he is optimistic on a pro-crypto presidential candidate because the SEC has passed the Securities Act of 1933 (the ’33 Act) and the Securities Act of 1934 (the ’34 Act). Bitcoin futures were approved under ) He added:

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“Congress is indicating they are more crypto friendly. Now you also have 73 million people who have cryptocurrencies. Many of these people are single-issue voters, which will be channeled through Congress. From Skybridge Positive regulation is predicted in the future.”

Given this, Scaramucci also expects a bitcoin spot ETF to be approved by the end of 2022. “If this happens, it will force all major financial services institutions to offer bitcoin cash,” he said.

Although the future is hard to predict, Scaramucci shared that Skybridge Capital is ahead of most financial institutions, noting that the hedge fund’s portfolio includes bitcoin, Ethereum (ETH) and solana (SOL) among other layer-1 tokens and a whole lot more. Includes a dedicated fund of sorts. Blockchain protocol for Algorand.

Scaramucci further commented that 20% of his net worth is in bitcoin, while 4-5% is in Algorand’s ALGO token. “I bought my first bitcoin in 2020 when the price was between $12,000 and $16,000, but I also bought BTC when the price was $65,000. I made a macro bet on bitcoin. I probably have half of my net worth in this stuff. It’s a quarter.”

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