{"id":143034,"date":"2021-10-28T19:09:17","date_gmt":"2021-10-28T19:09:17","guid":{"rendered":"https:\/\/precoinnews.com\/?p=143034"},"modified":"2021-10-28T19:09:17","modified_gmt":"2021-10-28T19:09:17","slug":"anthony-scaramucci-says-he-is-now-a-btc-billionaire","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/anthony-scaramucci-says-he-is-now-a-btc-billionaire\/","title":{"rendered":"Anthony Scaramucci Says He is Now a BTC Billionaire"},"content":{"rendered":"

Anthony Scaramucci \u2013 the founder of Sky Bridge Capital and the former White House communications director under President Donald Trump \u2013 says that a bitcoin investment he made of roughly $250 million has quadrupled and made him a bitcoin billionaire.<\/p>\n

Anthony Scaramucci Has Allegedly Made a Lot of Digital Money<\/h2>\n

In a recent interview, Scaramucci explained:<\/p>\n

\n

I have over a billion in bitcoin now. I started accumulating that position last year. I think that this manifests itself into a gigantic asset class. This is equivalent, to me, to digital gold.<\/p>\n<\/blockquote>\n

Scaramucci has always been a big fan of bitcoin. Last January, he launched a $300 million hedge fund and even filed an application for a bitcoin-based exchange-traded fund (ETF) with the Securities and Exchange Commission (SEC). His firm has also established a lasting partnership with NAX, a trading firm.<\/p>\n

In many ways, Scaramucci differs from Trump in that while he is a proponent of digital currencies, Trump has often been critical of bitcoin and its crypto cousins. Just a few months ago, President Trump commented that he was concerned bitcoin could potentially present too much competition to the U.S. dollar and that the asset was something of a scam. He stated:<\/p>\n

\n

Bitcoin, it just seems like a scam. I do not like it because it is another currency competing against the U.S. dollar.<\/p>\n<\/blockquote>\n

Despite his high level of positivity, Scaramucci does not make any claims that he is a bitcoin evangelist. He is simply enthusiastic about bitcoin\u2019s properties and where the asset could potentially go from here. He says:<\/p>\n

\n

I don\u2019t think that Jesus and Moses got together and had a baby and named it bitcoin. That\u2019s not me, but I am an investor in this because I see the technical properties associated with it. Ultimately, this is a delayering mechanism for society. It\u2019s a ledger defined by math, and if you think about the history of money, a ledger defined by math that has a scarcity to it \u2014 where no politician or policymaker can corrupt it or add supply to it \u2014 I think is a fascinating thing, and I think it\u2019ll have a big position in the global economy over the next decade.<\/p>\n<\/blockquote>\n

Could Things Potentially Get Higher?<\/h2>\n

Scaramucci initially predicted back in February (when the asset was trading for around $37,000 per unit) that the currency would be trading for about $100,000 before the end of 2021. He has since stated:<\/p>\n

\n

If you had one cent in bitcoin and 99 cents in cash over the last decade, you outperformed everything.<\/p>\n<\/blockquote>\n

At the time of writing, bitcoin is performing better than ever, having recently shot up to about $66,000 per unit just last week. While the currency has since died down a bit and is now trading for around $63,000, the currency is still very much on a roll, with some analysts thinking it could reach $80K by the end of the year.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Anthony Scaramucci \u2013 the founder of Sky<\/p>\n","protected":false},"author":3,"featured_media":143033,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nAnthony Scaramucci Says He is Now a BTC Billionaire - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/crypto\/anthony-scaramucci-says-he-is-now-a-btc-billionaire\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Anthony Scaramucci Says He is Now a BTC Billionaire - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"Anthony Scaramucci \u2013 the founder of Sky\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/crypto\/anthony-scaramucci-says-he-is-now-a-btc-billionaire\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2021-10-28T19:09:17+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/10\/Anthony-Scaramucci-Says-He-is-Now-a-BTC-Billionaire-.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/crypto\/anthony-scaramucci-says-he-is-now-a-btc-billionaire\/\",\"url\":\"https:\/\/precoinnews.com\/crypto\/anthony-scaramucci-says-he-is-now-a-btc-billionaire\/\",\"name\":\"Anthony Scaramucci Says He is Now a BTC Billionaire - 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