8.2 C
New York
Tuesday, April 13, 2021
Home CryptoCurrency More companies should put bitcoin on their books, says Anthony Scaramucci

More companies should put bitcoin on their books, says Anthony Scaramucci

SkyBridge Capital founder and former White House communications director Anthony Scaramucci said in an interview with CoinDesk TV this Sunday that more companies should include bitcoin (BTC) in their accounting, due to explosive growth in the money supply in the United States.

Regarding his prediction about the appreciation of the price of bitcoin to USD 100,000 by the end of the year, they asked the executive if he maintained that forecast, and if he thought that bitcoin could reach reach the price of $ 1 million someday.

Scaramucci stated in the interview that he preferred to be cautious, given that the majority of his 29,000 customer base were not fully enthusiastic about bitcoin and cryptocurrencies. For that reason, it would maintain for the moment that price objective for 2021.

“A responsible financial director or treasurer has to think about other assets that they acquire and retain as a potential store of value for their organizations” , said Scaramucci.

However, he pointed out that, due to the scarcity of bitcoin and its advantages over gold as a store of value, it is possible to expect a very noticeable appreciation of said cryptocurrency in the future. “If I were to say openly what I think about my price estimates for bitcoin, they will think I was crazy,” said Scaramucci.

The investor stated that he has been acquiring bitcoin for several months and that he has already invested USD 600 million in that cryptocurrency to gradually include it in his hedge fund.

Scaramucci after a bitcoin ETF

On the other hand, Bloomberg reported this Monday 22 that the founder of SkyBridge Capital has joined four other firms that have applied to the SEC for authorization to issue a bitcoin ETF. The firm submits the request to the SEC in conjunction with First Trust Advisors, to trade shares of the aforementioned financial instrument.

The assets managed by all the ETFs currently issued are equivalent to USD 6 trillion, notes Bloomberg. There are at least four other firms that have already filed with the SEC for ETF issuance. Van Eck introduced the first request of this year in early January, which was admitted by the SEC on March 18, a fact reported by CriptoNoticias.

In the Latin American financial scene, according to what was published by this medium, Brazil became the first Latin American country to launch a bitcoin ETF, which will be listed on the stock exchange São Paulo securities, available to Brazilian investors.

Follow World Weekly News on

Sandra Loyd
Sandra Loyd
Sandra is the Reporter working for World Weekly News. She loves to learn about the latest news from all around the world and share it with our readers.

Leave a Reply

Must Read