Scaramucci has been outspoken about his bullish stance on Bitcoin.
Anthony Scaramucci, CEO of SkyBridge Capital, has hinted at his upcoming book The Little Book of Bitcoin. In a recent tweet, Scaramucci revealed that Michael Saylor, co-founder of MicroStrategy and a major Bitcoin supporter, has written the foreword for the book. Scaramucci praised Saylor as a “living legend” and expressed appreciation for his contribution to the book.
Although Scaramucci has not revealed much about the book’s specifics, the cover hints at its content. It reads:
“What You Need to Know that Wall Street Has Already Figured Out.”
This suggests that the book will delve into Bitcoin’s significance and insights from financial experts.
Always great to spend time with the living legend @saylor. Grateful for you writing the foreword to my latest book, The Little Book of #Bitcoin pic.twitter.com/H3wg1a0ED6
— Anthony Scaramucci (@Scaramucci) September 12, 2024
Michael Saylor has become a key figure in the Bitcoin world by making significant investments through his company. Since August 2020, MicroStrategy has invested over $13 billion in Bitcoin, making it one of the largest corporate holders of the cryptocurrency. The company’s stock has since surged, offering investors exposure to Bitcoin indirectly.
Despite recent fluctuations in Bitcoin’s price, Saylor remains bullish. He recently projected that Bitcoin could reach $13 million per coin over the next 21 years. Saylor believes Bitcoin’s current market cap, which represents only 0.1% of global capital, could grow to 7% of the world’s capital. This optimistic forecast highlights Saylor’s confidence in Bitcoin’s long-term value, which he views as a superior investment compared to holding cash.
Scaramucci’s Bitcoin Forecast
Scaramucci has been outspoken about his bullish stance on Bitcoin. In an interview with the Schwarb Network, he shared his view that Bitcoin could reach prices between $150,000 and $200,000 as the number of Bitcoin wallets continues to grow.
Currently, there are over 460 million Bitcoin wallets, with a significant portion holding considerable amounts of Bitcoin. Scaramucci believes that Bitcoin’s value could potentially align with gold’s market cap, which stands at $17 trillion. He sees this as a major opportunity for Bitcoin to rise significantly in value.
Scaramucci also voiced concerns about the regulatory environment for cryptocurrencies. He has criticized the U.S. Securities and Exchange Commission (SEC) for its strict enforcement approach, which he believes hampers the growth of the crypto industry.
Recently, Scaramucci addressed the importance of stablecoins like Tether’s USDT and Circle’s USDC in supporting the U.S. dollar’s global relevance. He argues that stablecoins play a crucial role in maintaining the dollar’s significance, especially in light of new currency initiatives by BRICS countries.
As The Little Book of Bitcoin approaches its release Scaramucci’s insights, are anticipated to offer valuable perspectives on Bitcoin’s future and its role in the financial world. The crypto community eagerly awaits how the book will influence the industry.
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