{"id":626113,"date":"2024-06-25T02:00:53","date_gmt":"2024-06-25T02:00:53","guid":{"rendered":"https:\/\/wncen.com\/?p=626113"},"modified":"2024-06-24T19:26:03","modified_gmt":"2024-06-24T19:26:03","slug":"bitcoin-will-reach-25000","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-will-reach-25000\/","title":{"rendered":"SkyBridge Capital\u2019s Scaramucci Says Bitcoin Will Reach $250,000 Is This US Presidential Candidate Wins"},"content":{"rendered":"<p><a href=\"https:\/\/bitcoinist.com\/scaramucci-sets-bitcoin-long-term-growth-at-200000\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">Anthony Scaramucci<\/span><\/a><span style=\"font-weight: 400\">, the founder of SkyBridge Capital, has predicted that Bitcoin could reach new all-time highs (ATH) when his <\/span><a href=\"https:\/\/bitcoinist.com\/bitcoin-presidential-candidate-backs-btc\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">preferred presidential candidate<\/span><\/a><span style=\"font-weight: 400\"> wins. He also claimed that crypto \u201chas already won\u201d following recent developments in the industry.\u00a0<\/span><\/p>\n<h2>Bitcoin Could Rise To As High As $250,000 When Joe Biden Wins<\/h2>\n<p><span style=\"font-weight: 400\">Scaramucci mentioned during an <\/span><a href=\"https:\/\/www.youtube.com\/watch?v=yxNyluZsna0\" rel=\"nofollow\"><span style=\"font-weight: 400\">interview<\/span><\/a><span style=\"font-weight: 400\"> on Unchained that he believes that the market will witness a new ATH for Bitcoin during a second Biden administration if the incumbent US President wins his reelection bid. As to how high Bitcoin can rise, Scaramucci predicts that the flagship crypto will rise to between <\/span><a href=\"https:\/\/bitcoinist.com\/ex-white-house-official-says-bitcoin-could-reach-170000-post-halving\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">$170,000 and $250,000<\/span><\/a><span style=\"font-weight: 400\">.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/dogecoin\/dogecoin-indicator-goes-off\/\">Little-Known But Important Dogecoin Indicator Goes Off, How High Can It Drive Price?<\/a><\/div>\n<p><span style=\"font-weight: 400\">The SkyBridge Founder also revealed that he would be voting for Joe Biden and claimed that the good news for those who support Biden and crypto is that the \u201cneedle\u201d has moved in a positive direction. Scaramucci tried to banish the belief that this current government is anti-crypto, noting that the Spot Ethereum ETFs have been approved, and there could be more layer-1 ETFs.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Scaramucci further stated that although Biden vetoed the SAB 121 bill, he believes there will be a crypto bill in the ensuing congressional term that Biden will be willing to sign. Scaramucci is also bullish on Biden\u2019s second term in relation to crypto because he believes that the \u201canti-crypto nonsense,\u201d which he says is sponsored by <\/span><a href=\"https:\/\/bitcoinist.com\/senator-warren-crypto-payment-child-sexual-abuse\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">Senator Elizabeth Warren<\/span><\/a><span style=\"font-weight: 400\"> and <\/span><a href=\"https:\/\/bitcoinist.com\/gary-gensler-says-crypto-needs-disinfectant\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">Gary Gensler<\/span><\/a><span style=\"font-weight: 400\">, will be in the past by then.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Interestingly, Scaramucci served as the White House Director of Communications under former US President Donald Trump, making his support for Biden surprising. Trump had also <\/span><a href=\"https:\/\/bitcoinist.com\/donald-trump-declares-support-for-crypto-companies\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">recently affirmed<\/span><\/a><span style=\"font-weight: 400\"> his support for cryptocurrencies, suggesting he was more open to Bitcoin and other crypto assets than Biden.<\/span><\/p>\n<p><span style=\"font-weight: 400\">However, despite all these, Scaramucci explained he isn\u2019t supporting Trump because the former US President is \u201cvery transactional.\u201d He noted how Trump had an anti-crypto stance while he was still President and has now made a complete turnaround, suggesting that Trump might just be supporting crypto because he wants to get votes from the crypto community.\u00a0\u00a0<\/span><\/p>\n<h2>Why Crypto Has \u201cAlready Won\u201d<\/h2>\n<p><span style=\"font-weight: 400\">Scaramucci stated that the crypto industry has already won because it beat <\/span><a href=\"https:\/\/bitcoinist.com\/why-u-s-senator-warren-gave-sec-deadline-to-clarify-crypto-regulation\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">Warren and Gensler<\/span><\/a><span style=\"font-weight: 400\">, who he claims are very Trump-like and \u201cauthoritarian and autocratic.\u201d He also noted how the crypto industry has defeated the <\/span><a href=\"https:\/\/wncen.com\/crypto\/sec-announcement-crypto\/#:~:text=What%20The%20SEC's%20Latest%20Announcement%20Means%20For%20The%20Crypto%20Industry,-by%20Scott%20Matherson&amp;text=A%20recent%20announcement%20by%20the,actions%20have%20had%20on%20it.\"><span style=\"font-weight: 400\">Securities and Exchange Commission (SEC)<\/span><\/a><span style=\"font-weight: 400\"> in court on several occasions, with some of these cases causing the <\/span><a href=\"https:\/\/bitcoinist.com\/sec-slapped-with-1-8m-bill-after-debt-box-case-dismissal\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">Commission to pay fines<\/span><\/a><span style=\"font-weight: 400\"> and be rebuked by Judges.\u00a0\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/shiba-inu\/shiba-inu-whale-shib-robinhood\/\">Shiba Inu Whale Withdraws 2.2 Billion SHIB From Robinhood, Should You Follow The Whales?<\/a><\/div>\n<p><span style=\"font-weight: 400\">Scaramucci also claimed that the SEC has been pressured by <\/span><a href=\"https:\/\/bitcoinist.com\/biden-admin-set-to-talk-about-bitcoin-and-crypto\/#:~:text=%E2%80%9CMy%20Administration%20will%20not%20support,to%20low%2Demission%20energy%20sources.\" rel=\"nofollow\"><span style=\"font-weight: 400\">Biden\u2019s administration<\/span><\/a><span style=\"font-weight: 400\"> and his campaign team, who have realized that being anti-crypto is bad for Biden\u2019s campaign. Based on those points he outlined, Scaramuci again reaffirmed that the crypto industry has won against those who are anti-crypto.\u00a0<\/span><\/p>\n<figure style=\"width: 3286px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium\" src=\"https:\/\/www.tradingview.com\/x\/aybAzF5h\/\" alt=\"Bitcoin price chart from Tradingview.com\" width=\"3286\" height=\"1576\"><figcaption class=\"wp-caption-text\">BTC price falls to $61,000 | Source: <a href=\"http:\/\/Tradingview.com\" rel=\"nofollow\">BTCUSD on Tradingview.com<\/a><\/figcaption><\/figure>\n<div class=\"disclaimer-shortcode\">Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Anthony Scaramucci, the founder of SkyBridge Capital, has predicted that Bitcoin could reach new all-time highs (ATH) when his preferred presidential candidate wins. He also claimed that crypto \u201chas already won\u201d following recent developments in the industry.\u00a0 Bitcoin Could Rise To As High As $250,000 When Joe Biden Wins Scaramucci mentioned during an interview on Unchained that he believes that the market will witness a new ATH for Bitcoin during a second Biden administration if the incumbent US President wins his reelection bid. As to how high Bitcoin can rise, Scaramucci predicts that the flagship crypto will rise to between $170,000 and $250,000. Related Reading: Little-Known But Important Dogecoin Indicator Goes Off, How High Can It Drive Price? The SkyBridge Founder also revealed that he would be voting for Joe Biden and claimed that the good news for those who support Biden and crypto is that the \u201cneedle\u201d has moved in a positive direction. Scaramucci tried to banish the belief that this current government is anti-crypto, noting that the Spot Ethereum ETFs have been approved, and there could be more layer-1 ETFs.\u00a0 Scaramucci further stated that although Biden vetoed the SAB 121 bill, he believes there will be a crypto bill in the ensuing congressional term that Biden will be willing to sign. Scaramucci is also bullish on Biden\u2019s second term in relation to crypto because he believes that the \u201canti-crypto nonsense,\u201d which he says is sponsored by Senator Elizabeth Warren and Gary Gensler, will be in the past by then.\u00a0 Interestingly, Scaramucci served as the White House Director of Communications under former US President Donald Trump, making his support for Biden surprising. Trump had also recently affirmed his support for cryptocurrencies, suggesting he was more open to Bitcoin and other crypto assets than Biden. However, despite all these, Scaramucci explained he isn\u2019t supporting Trump because the former US President is \u201cvery transactional.\u201d He noted how Trump had an anti-crypto stance while he was still President and has now made a complete turnaround, suggesting that Trump might just be supporting crypto because he wants to get votes from the crypto community.\u00a0\u00a0 Why Crypto Has \u201cAlready Won\u201d Scaramucci stated that the crypto industry has already won because it beat Warren and Gensler, who he claims are very Trump-like and \u201cauthoritarian and autocratic.\u201d He also noted how the crypto industry has defeated the Securities and Exchange Commission (SEC) in court on several occasions, with some of these cases causing the Commission to pay fines and be rebuked by Judges.\u00a0\u00a0 Related Reading: Shiba Inu Whale Withdraws 2.2 Billion SHIB From Robinhood, Should You Follow The Whales? Scaramucci also claimed that the SEC has been pressured by Biden\u2019s administration and his campaign team, who have realized that being anti-crypto is bad for Biden\u2019s campaign. Based on those points he outlined, Scaramuci again reaffirmed that the crypto industry has won against those who are anti-crypto.\u00a0 Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":626142,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651],"tags":[83804,428,656,679,1119,89185,1122,1144,78790,83803],"class_list":["post-626113","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-anthony-scaramucci","tag-bitcoin","tag-bitcoin-news","tag-bitcoin-price","tag-btc","tag-btc-news","tag-btc-price","tag-btcusd","tag-btcusdt","tag-skybridge-capital"],"acf":[],"yoast_head":"\n<title>SkyBridge Capital\u2019s Scaramucci Says Bitcoin Will Reach $250,000 Is This US Presidential Candidate Wins<\/title>\n<meta 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