{"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
In a recent interview, Scaramucci explained:<\/p>\n
\nI 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
\nBitcoin, 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
\nI 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
\nIf 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