Crypto analyst Anthony Scaramucci has asked all crypto players to support Joe Biden’s government for better market trading. The remarks, which have shocked the entire industry, come at a time when the US 2024 elections are right around the corner.
Scaramucci has also predicted that Bitcoin will likely hit new all-time high milestones if a Biden 2.0 gets incorporated into the white house.
Scaramucci highlighted that during his presidency, Trump had strong opinions against digital assets like Bitcoin. Speaking on the Unchained podcast, Scaramucci stated,
He’s now done a 180 because he wants your vote. What he does in the White House is anyone’s guess. He is a very transactional person.
For this reason, Scaramucci—the founder and managing partner of Skybridge Capital and a former Trump communications director—said he will support President Joe Biden in November.
Bitcoin To Hit $170,000 Under Biden?
In the podcast, Scaramucci projects that under a second Biden administration, Bitcoin and other digital assets will reach a new all-time high. In the past, Scaramucci has forecast that Bitcoin will reach $170,000 in the upcoming year. Recently, Bitcoin has given investors a very sour tooth with its continuous red trading sessions and lack of pace. However, with hopes of a bull run, investors have still kept a tight hand on the OG cryptocurrency.
Based on analyst estimates, the price of Bitcoin will increase by 31.56% to reach $85,756 by July 19, 2024. The Fear & Greed Index is currently displaying 64 (Greed), and technical indicators indicate that the attitude is currently bearish.
Over the past 30 days, Bitcoin’s price volatility was 2.13%, with 15 out of 30 (or 50%) green days. The yearly low Bitcoin price projection for 2025 at present is projected to be $ 65,837, which is way less than what Scaramucci has in mind.
Why Are Bitcoin Voters Important This Time?
As Bankless Times previously reported, Bitcoin owners are uniting to form a single voting bloc for the US 2024 elections in 2024, in contrast to 2020. Millions of these voters live in crucial swing states where the last presidential election was determined by the narrowest of margins. Many people think that Bitcoin (BTC) will either increase or decrease their chances of winning the elections, according to Morning Consult statistics.
The rise of the cryptocurrency voter is intimately related to the expansion of cryptocurrencies as an asset class. Five percent of Americans possess digital assets at the moment. That is, 52 million people. Enough of it exists to alter the outcome of the elections.
