Bitcoin’s Price Set to Rise Regardless of 2024 Election Outcome, Says Anthony Scaramucci, Though Trump’s Deregulation Could Provide a Short-Term Boost
US Elections, Bitcoin, and Power Moves: Scaramucci’s Predictions Unveiled
Anthony Scaramucci, founder of Skybridge Capital and former White House Communications Director, discussed bitcoin’s future and the potential role of U.S. presidents in shaping crypto policy in a new interview with Saxo. Commenting on the price of bitcoin under a potential 2024 presidential win by either former President Donald Trump or Vice President Kamala Harris, Scaramucci stated that bitcoin’s price is likely to rise regardless of the election outcome, though he noted that Trump’s approach might provide a temporary boost. He explained: “I actually think bitcoin’s going higher irrespective of whoever is the president.”
“I think bitcoin in the short run would probably go a little bit higher with Trump because he’s perceived to be the deregulator of all the things that the Biden administration has done, he would get rid of,” the Skybridge founder opined. Claiming that Kamala Harris has shown support for blockchain technology, he said, “I’m indifferent as it relates to bitcoin specifically.”
Reflecting on his brief tenure in the Trump administration, Scaramucci indicated he would be willing to provide crypto policy guidance to either candidate if asked. Commenting on the possible Trump win, the former White House Communications Director, stated: “If he does become the president, I would want to help in any way that I can because I know that would reduce and mitigate potential danger.”
However, he emphasized that he has no intention of returning to government service, saying: “I don’t want to go back into government. I’ve had my 11-day fill of government. I don’t need to go back into the government. But would I provide policy advice or would I be helpful? Sure, I’m already very helpful.”
Regarding a possible digital dollar under a Harris administration, Scaramucci sees potential risks. “Could she usher it in? It’s possible,” he noted. Nevertheless, the Skybridge executive prefers stablecoin regulation over a government-backed digital currency, emphasizing privacy concerns.