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Bitcoin’s Best Days Still Ahead Despite Recent Surge – SkyrBridge Capital CEO

13.11.2024 8:30 1 min. read Alexander Stefanov
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Bitcoin’s Best Days Still Ahead Despite Recent Surge – SkyrBridge Capital CEO

Anthony Scaramucci, founder of SkyBridge Capital, recently addressed Bitcoin enthusiasts and potential investors, reassuring them that there’s still time to enter the market despite Bitcoin’s recent price surge.

Scaramucci’s remarks followed Bitcoin’s sharp rise, with the cryptocurrency gaining $8,343 in a single day and even surpassing silver in market cap. Although some investors may feel they missed out on these profits, Scaramucci shared on social media that it’s “early,” expressing confidence in Bitcoin’s future potential. “It may feel like you missed it, but you didn’t,” he assured.

Scaramucci emphasized Bitcoin’s long-term value and urged those considering investment to see current conditions as part of an ongoing growth phase.

He also hinted at the possibility of the U.S. government establishing a “Strategic Bitcoin Reserve,” a move that could encourage other nations to follow suit and potentially drive global adoption. Such a shift, he believes, could significantly boost Bitcoin’s standing.

The SkyBridge founder also anticipates growing interest from institutional investors, expecting asset managers, advisors, and financial institutions to integrate Bitcoin into their portfolios.

He noted that a future U.S. administration could accelerate regulatory support, making Bitcoin more mainstream. Scaramucci has previously predicted Bitcoin could reach “store of value” status by 2026, potentially reaching one billion users.

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