Anthony Scaramucci, founder and CEO of SkyBridge Capital, has positioned himself as a pivotal figure in the evolving crypto investment sphere. He recently emphasized the significance of the U.S. Securities and Exchange Commission’s (SEC) potential approval of the first spot Bitcoin exchange-traded funds (ETFs) and outlined his strategic approach to Bitcoin investments.
Scaramucci described the SEC’s approval of Bitcoin ETFs as a “turning point for Bitcoin,” expressing his intent to embrace this development by becoming a ceremonial buyer once regulatory approval is obtained. The SEC’s recent rule changes pave the way for the launch of Bitcoin ETFs in the United States, offering investors new avenues and signaling growing mainstream acceptance of cryptocurrencies.
SkyBridge Capital, under Scaramucci’s leadership, experienced an extraordinary year in 2023, attributing its unexpected success to strategic investments in Bitcoin, Ethereum, and Solana. Scaramucci’s approach of “gradually buying” these cryptocurrencies proved to be a winning strategy, contributing to the fund’s remarkable performance.
Recent market data shows Bitcoin trading at $46,337, a 7% increase. The SEC’s decision to greenlight Bitcoin ETFs has sparked optimism among analysts anticipating significant gains in the crypto market.
Looking ahead to 2024, Scaramucci expresses bullish expectations for Bitcoin, predicting it could reach and surpass its all-time high value by year-end. Tom Staudt, President and COO of Ark Invest, shares the sentiment that Bitcoin is becoming a “public good” accessible to all investors, aligning with Ark Invest’s launch of the ARK 21Shares Bitcoin ETF and positioning Bitcoin as a mainstream investment option.