Anthony Scaramucci Says Thin Supply Is Driving Bitcoin To New All-Time Highs
Bitcoin (CRYPTO: BTC) touched a new all-time high of $111,903 on Wednesday, with Skybridge Capital’s Anthony Scaramucci attributing the move to a convergence of regulatory progress and macroeconomic disillusionment.
What Happened: Speaking with CNBC, the hedge fund manager highlighted both bipartisan momentum in U.S. crypto legislation and growing global interest in sovereign Bitcoin reserves as key drivers.
Scaramucci pointed to the GENIUS Act and a pending stablecoin bill as legislative catalysts. “It’s a bipartisan act and I think it’s putting to bed the idea that we’re going to have a partisan issue around regulation in Bitcoin,” he said.
He added that these developments are opening the door for broader institutional adoption.
“It also opens up pathways …
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