Skybridge’s Anthony Scaramucci Predicts China Will Be Back In The Bitcoin Game Before 2025 Ends
The post Skybridge’s Anthony Scaramucci Predicts China Will Be Back In The Bitcoin Game Before 2025 Ends appeared first on Coinpedia Fintech News
In the latest development, Anthony Scaramucci, a pro-crypto businessman and SkyBridge managing partner, predicts that China will embrace Bitcoin before the end of 2025.
The Trump Effect?Lately, the Trump win in the US elections has had a very optimistic effect on Bitcoin and the cryptocurrency ecosystem as a whole. Notably, Trump adopted digital assets while contesting for the November 5 election win, promising to create a US strategic reserve of the asset. The idea gained prominence, with other countries weighing in the President-elect’s stance on Bitcoin.
Notably, lawmakers in Canada, Brazil, and Russia have proposed adopting Bitcoin as a treasury reserve asset. Public firms globally have also increased their exposure to the flagship crypto, which has pushed it past $100,000.
At the Bitcoin MENA 2024 Conference today, he stated that the US Bitcoin campaign will pull China back into the “Bitcoin game.” He insisted that China would either adopt Bitcoin as a strategic reserve asset, as other countries would, or officially allow crypto mining.
JUST IN: Anthony Scaramucci predicts “By this time next year, the Chinese will be backing #Bitcoin” 