{"id":552463,"date":"2023-09-22T09:30:35","date_gmt":"2023-09-22T09:30:35","guid":{"rendered":"https:\/\/wncen.com\/?p=552463"},"modified":"2024-06-11T07:09:17","modified_gmt":"2024-06-11T07:09:17","slug":"important-message-bitcoin-holders","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/important-message-bitcoin-holders\/","title":{"rendered":"Investment Firm Founder Has An Important Message For Bitcoin Holders"},"content":{"rendered":"

SkyBridge Capital founder Anthony Scaramucci recently shared positive views on the flagship cryptocurrency, Bitcoin, which could provide some comfort to <\/span>BTC holders<\/span><\/a> as the bear market lingers.\u00a0<\/span><\/p>\n

Scaramucci Says HODL Bitcoin<\/h2>\n

According to a <\/span>report<\/span><\/a> by Business Insider, the investment firm founder advised Bitcoin holders not to sell their BTC as they already made it through the winter. Interestingly, he mentioned that the worst of the bear market is over. Despite this being a bold assertion, there is evidence to suggest that he might be right.<\/span><\/p>\n

Related Reading: Bloomberg Analyst Lauds Bitcoin Energy Shift Amid Rising Hashrate<\/a><\/div>\n

There is the likelihood that Bitcoin has bottomed as the co-founder of Delphi Digital, <\/span>Kevin Kelly once noted<\/span><\/a>. Following past trends, BTC usually bottoms 18 months before the Bitcoin Halving (with the next coming in April 2024). As such, the worst part of this current market cycle might truly be over.<\/span><\/p>\n

Scaramucci made this known while speaking at the Messari Mainnet conference in New York. He stated that he was still bullish on Bitcoin despite the cryptocurrency trading far below the highs it reached in 2021. Bitcoin peaked at $68,789 in November 2021 but has since declined by about 61%.<\/span><\/p>\n

Meanwhile, he has singled out Wall Street\u2019s adoption of BTC as one of the factors that will drive the cryptocurrency\u2019s mainstream adoption. Wall Street giants, like the biggest asset manager, BlackRock, have applied to offer a <\/span>Spot Bitcoin ETF<\/span><\/a>, and he believes that once these firms have that in their \u201carsenal,\u201d the Bitcoin market is going to widen as it is expected that institutional investors will be looking to invest in it.<\/span><\/p>\n

Scaramucci also likened the potential growth of BTC to the Internet boom, as he stated that the younger generation would be \u201cmainstreaming Bitcoin\u201d the same way his generation mainstreamed the Internet (most likely about when there was massive growth in Internet adoption).\u00a0<\/span><\/p>\n

Factors That Could Affect BTC’s Growth<\/h2>\n

Despite his optimism about Bitcoin\u2019s future, Scaramucci noted certain macro factors that could hamper Bitcoin\u2019s growth. These factors include the higher interest rates, negative sentiment around crypto, and the SEC Chief Gary Gensler with Gensler recently <\/span>stating<\/span><\/a> that there are so many \u201chucksters\u201d and \u201cfraudsters\u201d in the crypto space.<\/span><\/p>\n

Related Reading: Crypto Analyst Predicts More Trouble Ahead For Bitcoin Price, Here\u2019s Why<\/a><\/div>\n

However, his opinion on the higher interest rates seems to contrast with that of Crypto analyst Nicholas Merten, who <\/span>stated<\/span><\/a> that the Fed isn\u2019t doing enough (regarding the interest rate hike) to keep inflation down. According to him, re-inflation is on the rise, and this could be one of the factors that could affect Bitcoin\u2019s price going forward.<\/span><\/p>\n

\"Bitcoin<\/p>\n

Tug of war between bears and bulls continues | Source: BTCUSD on Tradingview.com<\/a><\/pre>\n
Featured image from iStock, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

SkyBridge Capital founder Anthony Scaramucci recently shared positive views on the flagship cryptocurrency, Bitcoin, which could provide some comfort to BTC holders as the bear market lingers.\u00a0 Scaramucci Says HODL Bitcoin According to a report by Business Insider, the investment firm founder advised Bitcoin holders not to sell their BTC as they already made it through the winter. Interestingly, he mentioned that the worst of the bear market is over. Despite this being a bold assertion, there is evidence to suggest that he might be right. Related Reading: Bloomberg Analyst Lauds Bitcoin Energy Shift Amid Rising Hashrate There is the likelihood that Bitcoin has bottomed as the co-founder of Delphi Digital, Kevin Kelly once noted. Following past trends, BTC usually bottoms 18 months before the Bitcoin Halving (with the next coming in April 2024). As such, the worst part of this current market cycle might truly be over. Scaramucci made this known while speaking at the Messari Mainnet conference in New York. He stated that he was still bullish on Bitcoin despite the cryptocurrency trading far below the highs it reached in 2021. Bitcoin peaked at $68,789 in November 2021 but has since declined by about 61%. Meanwhile, he has singled out Wall Street\u2019s adoption of BTC as one of the factors that will drive the cryptocurrency\u2019s mainstream adoption. Wall Street giants, like the biggest asset manager, BlackRock, have applied to offer a Spot Bitcoin ETF, and he believes that once these firms have that in their \u201carsenal,\u201d the Bitcoin market is going to widen as it is expected that institutional investors will be looking to invest in it. Scaramucci also likened the potential growth of BTC to the Internet boom, as he stated that the younger generation would be \u201cmainstreaming Bitcoin\u201d the same way his generation mainstreamed the Internet (most likely about when there was massive growth in Internet adoption).\u00a0 Factors That Could Affect BTC’s Growth Despite his optimism about Bitcoin\u2019s future, Scaramucci noted certain macro factors that could hamper Bitcoin\u2019s growth. These factors include the higher interest rates, negative sentiment around crypto, and the SEC Chief Gary Gensler with Gensler recently stating that there are so many \u201chucksters\u201d and \u201cfraudsters\u201d in the crypto space. Related Reading: Crypto Analyst Predicts More Trouble Ahead For Bitcoin Price, Here\u2019s Why However, his opinion on the higher interest rates seems to contrast with that of Crypto analyst Nicholas Merten, who stated that the Fed isn\u2019t doing enough (regarding the interest rate hike) to keep inflation down. According to him, re-inflation is on the rise, and this could be one of the factors that could affect Bitcoin\u2019s price going forward. Tug of war between bears and bulls continues | Source: BTCUSD on Tradingview.com Featured image from iStock, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":552469,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[83804,428,656,679,89462,1119,89185,1144,78790],"class_list":["post-552463","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-anthony-scaramucci","tag-bitcoin","tag-bitcoin-news","tag-bitcoin-price","tag-bitcoin-price-performance","tag-btc","tag-btc-news","tag-btcusd","tag-btcusdt"],"acf":[],"yoast_head":"\nInvestment Firm Founder Has An Important Message For Bitcoin Holders<\/title>\n<meta name=\"description\" content=\"SkyBridge Capital founder Anthony Scaramucci recently shared positive views on the flagship 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During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/wncen.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Investment Firm Founder Has An Important Message For Bitcoin Holders","url":"http:\/\/wncen.com\/news\/important-message-bitcoin-holders\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/important-message-bitcoin-holders\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/iStock-1361090527.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/iStock-1361090527.jpg?fit=1232%2C852"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["anthony scaramucci","bitcoin","bitcoin news","bitcoin price","bitcoin price performance","btc","btc news","btcusd","btcusdt"],"dateCreated":"2023-09-22T09:30:35Z","datePublished":"2023-09-22T09:30:35Z","dateModified":"2024-06-11T07:09:17Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Investment Firm Founder Has An Important Message For Bitcoin Holders\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/important-message-bitcoin-holders\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/important-message-bitcoin-holders\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/iStock-1361090527.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/iStock-1361090527.jpg?fit=1232%2C852\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"anthony scaramucci\",\"bitcoin\",\"bitcoin news\",\"bitcoin price\",\"bitcoin price performance\",\"btc\",\"btc news\",\"btcusd\",\"btcusdt\"],\"dateCreated\":\"2023-09-22T09:30:35Z\",\"datePublished\":\"2023-09-22T09:30:35Z\",\"dateModified\":\"2024-06-11T07:09:17Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/iStock-1361090527.jpg?fit=1232%2C852","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/552463"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=552463"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/552463\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/552469"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=552463"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=552463"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=552463"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}