Anthony Scaramucci, founder of SkyBridge Capital, at the Messari Mainnet conference in New York, said that the worst events of the current bear market in digital assets are behind us. This was reported by Markets Insider.
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\n\”If you have Bitcoin, I wouldn’t sell it. You’ve weathered the winter. … The next 10–20 years will be remarkably bullish,\” he said.
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According to Scaramucci, the younger generation will make Bitcoin mainstream, as the internet did in its time.
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The investor cited headwinds for Bitcoin in the macroeconomic environment: high interest rates, hostility from the head of the SEC, Gary Gensler, and negativity around the adoption of digital assets.
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Scaramucci is confident that the first cryptocurrency offers more prospects than gold. In his view, the proliferation of Bitcoin ETFs will lead to broad adoption of digital assets.
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\n\”Every Wall Street firm will have a Bitcoin ETF in its arsenal. When Wall Street has something in its arsenal, they sell it to their clients. The market is going to expand,\” he said.
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In April, Scaramucci criticized the head of the SEC and said he had not lost his enthusiasm for Bitcoin. In the investor’s view, the asset should be classified as a commodity and not subject to regulation by the Commission.
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Earlier, the founder of SkyBridge Capital forecasted a ‘Bitcoin revival’ in 2023.