Trump Allies Advocate for Bitcoin Reserve Over Gold

1 min read
Source: Benzinga
Trump Allies Advocate for Bitcoin Reserve Over Gold
Photo: Benzinga
TL;DR

Anthony Scaramucci, founder of Skybridge Capital, predicts Bitcoin could reach $150,000 if the U.S. adopts a less politicized regulatory approach to cryptocurrencies. He highlights potential regulatory changes under a new administration, including efforts by former SEC Chair Jay Clayton and ex-Acting Comptroller Brian Brooks to revise stablecoin legislation. Despite endorsing Kamala Harris for the 2024 election, Scaramucci acknowledges Trump's positive stance on crypto, though he warns of potential economic impacts from Trump's isolationist policies.

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