Sat. May 25th, 2024
bitcoin etf coming
  • SkyBridge Capital CEO Anthony Scaramucci believes Bitcoin’s market cap could reach $10 trillion by 2030.
  • Scaramucci is optimistic about the future of Bitcoin due to the approval of spot Bitcoin ETFs.
  • He believes that the ETFs will unlock billions of dollars of capital for Bitcoin.

Story

In a recent interview with CNBC, Scaramucci said that he believes Bitcoin’s market cap could reach $10 trillion by 2030. This would represent a 13x increase from its current level of $750 billion.

Scaramucci’s optimism is based on the approval of spot Bitcoin ETFs in the United States. These ETFs allow investors to buy and sell Bitcoin directly, rather than through derivatives.

Scaramucci believes that the ETFs will unlock billions of dollars of capital for Bitcoin. He said that there is “massive demand” for Bitcoin from institutional investors.

Conclusion

Scaramucci’s prediction is based on a number of factors, including the approval of spot Bitcoin ETFs, the growing adoption of Bitcoin by institutional investors, and the increasing popularity of Bitcoin as a store of value.

It remains to be seen whether Scaramucci’s prediction will come true. However, his optimism is a sign that the future of Bitcoin is bright.

By Julia

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