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Anthony Scaramucci Is Bullish On Biden And Bitcoin; Here’s Why




1
Anthony Scaramucci, the founder of Skybridge Capital favors Joe Biden and has predicted a Bitcoin price surge.


2
Biden’s stability and predictability would play a major role in capital markets.


3
Individuals support Joe Biden instead of Donald Trump, per a Fox News polls. 













In an Unchained podcast on June 18, Anthony Scaramucci shared his viewpoints on Joe Biden as well as Bitcoin (BTC) . As the presidential elections are near, the choices and interests of individuals are shifting for politicians. Joe Biden is seeking the attention of voters and crypto enthusiasts with his stability and predictability as crucial for capital markets.



Anthony Scaramucci’s Warning to Trump Supporters



The founder of Skybridge Capital Anthony Scaramucci came in support of Joe Biden and BTC during the podcast with Laura Shin Author and Unchained Host. According to Scaramucci, he doesn’t trust Trump’s “impulsivity” when it comes to crypto.  



Anthony Scaramucci Predicts Bitcoin Surge Under Biden's Second Term Anthony Scaramucci warned crypto enthusiasts about Trump's recent support for digital assets, highlighting that he was previously very negative on Bitcoin while in office and might be opportunistically seeking… pic.twitter.com/QmWMqKJL4o — The Wolf Of All Streets (@scottmelker) June 19, 2024



He believes that Joe Biden is one of the best choices for the crypto voters if he considers a few things like ETF approval and other regulatory hurdles. The current president of the US played a key role in the approval of the spot Bitcoin ETF and the ongoing spot Ethereum ETF. Moreover, Biden supported overcoming significant regulatory hurdles. 



Scaramucci thinks that the crypto market will grow under Biden’s involvement and help BTC hit its new all-time high value under Biden’s presidency. He also commented on Donald Trump ‘s vote-seeking tactics.



“Trump is opportunistically seeking votes”, said Scaramucci.



Biden Vs Trump: Who’s Best for Crypto? 



As the political landscape in the US is heating up, the perspectives of voters toward Biden and Trump are also transforming. There was a time when Donald Trump was winning the crypto race and declared himself as “ Crypto-president ”.



Biden changed his mind about the crypto market and enhanced interaction with crypto players. As a result of this, he defeated Trump with 3 points, according to a new Fox News national survey.  



Somewhere in May, Trump was ahead by 1 point and now Biden is 2 points ahead than Trump. The 50%-48% ratio indicates a shift of the voters’ interest towards Biden.     






Biden Vs Trump I Source: Fox News 



Since October 2023, this is the first time Biden is ahead of Trump. Moreover, Robert F. Kennedy, Jr., and Jill Stein, and Cornel West got 10%, 2%, and 2% votes respectively.    



Scaramucci’s Bitcoin Price Prediction



Skybridge Capital’s founder commented on digital assets, especially BTC and Ethereum (ETH). According to him, BTC will hit new heights under the leadership of Joe Biden. 



At press time, BTC was hovering at $66,169.91, after a spike of 1.65% in a day with a market cap of $1,304,928,602,055 and $19,781,640,727 in 24-hour volume. Besides, BTC documented its all-time high of $73,750.07 on March 14, 2024, and registered its all-time low of $0.04865 on July 15, 2010.     



ETH , conversely, was trading at $3,597.99, after an intraday surge of 1.74% in a day with $14,102,705,922 in 24-hour volume and $439,853,285,239 in market cap. The coin hit its all-time high of $4,891.70 on November 16, 2021, and entered an all-time low of $0.4209 on October 22, 2015. 



Disclaimer



The analysis given above is for informational and educational purposes only. You should not take it as financial, investment, or other advice. Investing in or trading crypto assets is risky. Please consider your circumstances and risk profile before making any investment decisions.
Ritika Sharma With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.

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