Anthony Scaramucci: Bitcoin Will Enjoy a Bullish Trend
The founder of the SkyBridge Capital fund, Anthony Scaramucci, is confident that the cryptocurrency market is moving into a new phase, as he said during a conference organized by the developers of the Messari project in New York.
According to Scaramucci, the current bullish trend could last for at least a decade. He further predicted that the growth phase of Bitcoin would continue for the next 20 years. Scaramucci advised investors to hold onto their cryptocurrency instead of selling it.
He recommended an accumulation strategy, especially since Bitcoin has shown its resilience against regulatory pressure.
Scaramucci also mentioned the potential impact of legalizing Bitcoin ETFs on the value of the largest digital currency. He believes that if this happens, Bitcoin will surpass gold in value.
He stated that it is likely for more Wall Street companies to start investing in a Bitcoin ETF, leading to an expansion of the market.
This, in turn, will attract more investors and contribute to the growth of the cryptocurrency market.
