Anthony Scaramucci, CEO of SkyBridge Capital, recently shared details about an informal meeting with Michael Saylor, co-founder of MicroStrategy.
Scaramucci also hinted at his forthcoming book on Bitcoin, which Saylor has contributed to.
Saylor has become a prominent advocate for Bitcoin, with MicroStrategy accumulating approximately $8.3 billion in BTC since August 2020. Initially using their cash reserves for purchases, they later raised additional funds through convertible notes to further invest in Bitcoin. This strategy positioned MicroStrategy as a de facto Bitcoin ETF before the SEC approved spot Bitcoin ETFs in January.
Scaramucci praised Saylor as a “living legend” and thanked him for writing the foreword for his new book, “The Little Book of Bitcoin,” though he revealed little about the content except for a teaser that suggests it covers insights Wall Street has already discovered.
In response to Scaramucci’s tweet, Dan Tapiero, another notable Bitcoin investor, congratulated him. Saylor recently mentioned on CNBC’s Squawk Box that MicroStrategy’s Bitcoin strategy has led to significant outperformance in share price compared to other S&P 500 companies. He also forecasted Bitcoin could reach $13 million in value over the next 21 years.
BBVA has made a significant move into the cryptocurrency space, gaining approval from Spain’s securities regulator, CNMV, to offer Bitcoin and Ether trading.
Robinhood has agreed to a $29.75 million settlement with FINRA over lapses in supervision and compliance, including failures in anti-money laundering measures and oversight of trading activities.
Crypto exchange Gemini, founded by Tyler and Cameron Winklevoss, is reportedly preparing to go public through an initial public offering (IPO).
Fundstrat’s Tom Lee believes Bitcoin could emerge as Wall Street’s most lucrative asset as the U.S. moves toward recognizing BTC as part of its financial reserves.