Bitcoin’s Price Set to Rise Regardless of 2024 Election Outcome, Asserts Anthony Scaramucci, Though Trump’s Deregulation Could Offer Short-Term Boost
US Elections, Bitcoin, and Power Moves: Unveiling Scaramucci’s Predictions
Anthony Scaramucci, the founder of Skybridge Capital and ex-White House Communications Director, recently discussed bitcoin’s future and the influence U.S. presidents could have on cryptocurrency policy in a fresh interview with Saxo. Addressing the potential impact on bitcoin’s price following a 2024 presidential victory by either former President Donald Trump or Vice President Kamala Harris, Scaramucci suggested that bitcoin’s price is poised to increase regardless of the election outcome, albeit he acknowledged that Trump’s policies might give a temporary lift. He elaborated:
“I actually believe bitcoin is on an upward trajectory irrespective of the presidency.”
“In the short term, bitcoin might see a slight increase with Trump because he’s perceived as the one who would dismantle the regulatory measures implemented by the Biden administration,” the Skybridge founder speculated. Asserting that Kamala Harris has demonstrated support for blockchain technology, he added, “My stance on bitcoin remains neutral.”
Reflecting on his short stint within the Trump administration, Scaramucci expressed his willingness to offer cryptocurrency policy advice to either candidate, if approached. Addressing the possibility of a Trump presidency, the former White House Communications Director mentioned:
“If he does assume the presidency, I am eager to assist in any capacity because I understand that would help mitigate potential risks.”
However, he clarified his reluctance to re-enter government service, stating, “I have no desire to return to government. My 11-day experience was sufficient. I have no inclination to rejoin government service. But would I offer policy advice or assistance? Absolutely, I am already contributing significantly.”
In the context of a potential digital dollar under a Harris administration, Scaramucci acknowledged the risks involved. “Is it feasible for her to introduce it? Yes,” he remarked. Nevertheless, the Skybridge executive voiced a preference for regulating stablecoins rather than introducing a government-backed digital currency, citing privacy concerns.
