Anthony Scaramucci, the founding father of the hedge fund SkyBridge Capital, thinks that the following United States presidential candidate will doubtless be pro-cryptocurrency, provided that the U.S. Securities and Trade Fee (SEC) recently announced the approval of a fourth Bitcoin (BTC) futures exchange-traded fund (ETF).

Throughout an interview at SALT’s Crypto Bahamas conference, Scaramucci informed Cointelegraph that he has been bullish on a pro-crypto presidential candidate because the SEC authorized Bitcoin futures below the Securities Act of 1933 (‘33 Act) and the Securities Act of 1934 (’34 Act). He added:


“The Congress is indicating that they’re extra crypto-friendly. You now even have 73 million people who personal cryptocurrency. A lot of these individuals are single-issue voters, which can flow into by means of Congress. Constructive regulation forward is a prediction from SkyBridge.”

Given this, Scaramucci additionally hopes {that a} Bitcoin spot ETF can be authorized by the top of 2022. “If this occurs, it would drive all main monetary providers establishments to have a Bitcoin money providing,” he mentioned.

Whereas it’s exhausting to foretell the longer term, Scaramucci shared that SkyBridge Capital stays forward of most monetary establishments, noting that the hedge fund’s portfolio consists of Bitcoin, Ethereum (ETH) and different layer-1 tokens together with Solana (SOL) and a fund devoted totally to the blockchain protocol Algorand (ALGO).

Scaramucci additional remarked that 20% of his web price is in Bitcoin, whereas 4%–5% is in Algorand’s ALGO token. “I purchased my first Bitcoin in 2020 when the value was between $12,000 to $16,000, however I’ve additionally purchased BTC when the value was at $65,000. I’ve made a macro guess on Bitcoin. I most likely have 1 / 4 of my web price on this stuff.”

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