Note that Anthony Scaramucci regularly comments on the topic of digital assets and what is happening with them. In particular, earlier this month, the investor officially announced the end of a prolonged bearish trend, i.e. the collapse phase of the cryptocurrency market.

In his opinion, Bitcoin is still an excellent investment, which is able to show good results against traditional financial instruments. According to Anthony, BTC needs a time horizon of four years to do so. Usually, a cryptocurrency goes through growth and collapse phases just during this time frame. Accordingly, the digital asset should not disappoint capital owners who know how to wait and not pay attention to what is happening in the market.

What will happen to Bitcoin in the future?

Scaramucci shared his thoughts during another podcast airing called gm from Decrypt journalists. Here’s one of his quotes in which he shares his perspective on what’s going on.

I am not a serious figure in this industry. I’m not an evangelist. I’m not one of those figures who will chant “Bitcoin über alles” [Bitcoin above all else – editor’s note] no matter what happens in the markets. So I want to put things from that perspective and then clarify that I am more optimistic now than ever before.

Scaramucci himself is now dealing with the consequences of his own decisions not being the best. He previously worked extensively with Sam Bankman-Fried, the former head of the FTX crypto exchange that went bankrupt in November. They co-hosted the Crypto Bahamas conference last April, and in September FTX bought a 30 per cent stake in SkyBridge for $40 million. And when the Bankman-Fried crypto empire collapsed, Scaramucci said he was “working to buy back the acquired stake”.

During the broadcast, Anthony noted that US regulators’ tough strategy on crypto could be a roadblock to the bull run. However, their actions themselves seem pointless. For example, inside the US Securities and Exchange Commission, there is allegedly “total confusion”, so the regulator has yet to come up with a single algorithm for regulating the crypto market.

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In general, Bitcoin is more like gold in many of its qualities, Ark Invest CEO Katie Wood said the day before. According to her, the recent banking crisis in the U.S. led to a rise in the value of BTC and ETH to new annual highs. This fact proves the status of popular cryptocurrencies as the best safe haven for capital during economic crises.

Here’s Wood’s quote on the subject, cited by Cointelegraph.

Cryptocurrencies will disrupt the traditional world order. What are Bitcoin and Etherium doing? I’m referring to the fact that they are being seen as a means of protecting capital – just like gold. It’s really interesting and involves a lot more acceptance and acceptance than I think most people realise.

Wood believes that cryptocurrencies will eventually become a “pre-election issue”. When the industry becomes more widely accepted, regulatory cooperation will be an important topic on the US government’s agenda. However, not everyone shares the sentiment of Ark Invest’s CEO.

For example, Ray Dalio, founder of Bridgewater Associates, said in an interview that Bitcoin can’t serve as an “effective currency” because it’s too volatile, and central banks won’t accept it given what’s happening. Here’s that line.

Bitcoin is neither an effective store of capital nor a medium of exchange, so it cannot be called an effective currency. It has volatility, which has nothing to do with almost anything. It is a very, very bad alternative to gold.


That's a rather amusing comment given Dalio's previous statements. As a reminder, Ray has previously actively supported the popularisation of digital assets and claimed great potential for crypto. In particular, in early 2022 Dalio explicitly stated that investors should allocate at least 1-2 per cent to digital assets. Accordingly, the investor had no doubts about the prospects of coins at the time.



There seem to be enough fans in the cryptocurrency industry who are confident about the possibilities for further development of its representatives. Especially important here is the fact that such fans are not hindered by dubious activity of regulators and sometimes even lack of normal legislative framework in some jurisdictions. Obviously, sooner or later this problem will be solved.


Look for even more interesting things in our crypto chat of ex-wealthy people. That’s where you can shorten your time waiting for a new bullrun.