SkyBridge Capital founder Anthony Scaramucci said at the Messari Mainnet conference in New York that the worst of this digital asset bear market is over. Markets Insider reports this.
“If you have Bitcoin, I wouldn’t sell it. You survived the winter. […] The next 10 to 20 years will be surprisingly bullish,” he said.
According to Scaramucci, the younger generation will make the first cryptocurrency mainstream, just as the Internet did in its time.
The investor acknowledged the presence of “headwinds” for Bitcoin in the macroeconomic environment: high interest rates, managerial hostility SEC Gary Gensler and the negativity surrounding the adoption of digital assets.
Scaramucci is confident that the first cryptocurrency offers more prospects than gold. In his opinion, the spread of Bitcoin ETFs will lead to mass adoption of digital assets.
“Every Wall Street firm will have a Bitcoin ETF in their arsenal. When Wall Street has something in their arsenal, they sell it to their customers. The market is going to expand,” he said.
In April, Scaramucci criticized the head of the SEC and said that he had not lost his enthusiasm for Bitcoin. In the investor’s opinion, the asset should be classified as a commodity and not subject to regulation by the Commission.
Recall that in January, the founder of SkyBridge Capital predicted a “rebirth” of Bitcoin in 2023.
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