Anthony Scaramucci, a former director of communications for the White House and the current managing partner of the digital asset investment firm SkyBridge Capital, recently presented a convincing outlook for the future of Bitcoin in an interview.
In the upcoming years, according to Scaramucci, the disruptive cryptocurrency might reach a market worth of $15 trillion.
The former lawmaker praised the American Federal Reserve throughout the conversation, but made clear that the mechanism in which it operates is fundamentally flawed.
He emphasized his worries about the value of fiat money as well, pointing out that the government spends 43 cents more than it brings in.
The need to repay borrowed money with dollars that are worth more than they were when they were borrowed, according to Scaramucci, puts the economy in risk of a serious downturn. He therefore came to the conclusion that the defective system was to blame for the terrible situation the Federal Reserve had found itself in.
Scaramucci suggested a different approach in the form of an immutable asset with specified scarcity and a transparent transaction log, qualities that are now only present in Bitcoin.
He also emphasizes Bitcoin as having the potential to develop into a cryptocurrency that is more valuable than gold.
With the U.S. financial system in disarray, Scaramucci categorically predicted that Bitcoin would reach a $15 trillion market valuation. He also talked on the difficulties of changing the system, claiming that American politicians need long-term planning but don’t do it.
He also made comparisons between the United States and other nations that have strategic ahead thinking in their economic planning, such as China.
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