Anthony Scaramucci, CEO of SkyBridge Capital, expressed confidence that the U.S. would establish a Strategic Bitcoin (CRYPTO: BTC) Reserve, leading to increased allocations and price increases for the leading cryptocurrency.
What Happened: On Monday, Scaramucci reiterated his conviction that it’s not too late for investors to go long on Bitcoin.
“It may feel like you missed it, but you didn’t. It’s early,” he said, with the customary “not financial advice” disclaimer.
Scaramucci added that the Bitcoin strategic Reserve would be eventually set up under Senator Cynthia Lummis (R-Wyo.) and countries, institutional asset allocators, asset managers, and financial advisors would follow suit.