Skybridge Capital founder: The US government may increase its holdings of about 500,000 BTC, but the Federal Reserve may be the "last obstacle"

01/05 07:09

Wechat scan to share

Anthony Scaramucci, the founder of SkyBridge Capital, expects the US government to retain the current holding of about 200,000 BTC and then purchase about 500,000 BTC. Scaramucci said that Tim Scott, chairman of the US Senate Banking Committee, and Scott Bessent, US Treasury Secretary, are relatively supportive of cryptocurrencies. If Trump, Congress, and the Treasury Department are in agreement, the Federal Reserve may be the final obstacle to Bitcoin becoming a strategic reserve.

Comments

All Comments

Recommended for you

Stephen Moore · 03/31 10:19

Android malware ‘Crocodilus’ can take over phones to steal crypto

Once a targeted banking or cryptocurrency app is opened, a fake overlay launches over the top and mutes the sound while the hackers take control of the device.
cointelegraph · 03/31 10:04

Trump’s trade war pressures crypto market as April 2 tariffs loom

Bitcoin and stocks face pressure as Trump prepares new tariff announcements for April 2, sparking trade war fears and cooling investor risk appetite.
Kevin Helms · 03/31 03:15

Coinbase Rallies Behind Incoming SEC Chair Promising Full Focus on Crypto Clarity

Coinbase’s legal chief hailed the incoming SEC chair’s vow to prioritize crypto clarity, end debanking, and foster innovation as a long-awaited shift benefiting U.S. markets.
bitcoin.com · 03/31 03:10

SEC Commissioner Calls for 7 Crypto Reforms That Corner Congress With Urgency

SEC commissioner laid out a bold seven-point plan urging Congress to slash red tape, empower existing agencies, and protect peer-to-peer crypto from regulatory overreach.
Vincent Tabora · 03/31 03:09

Centralization and the dark side of asset tokenization — MEXC exec

Stablecoins are the largest tokenized RWA niche, with a market cap of over $227 billion, followed by private credit at over $12.2 billion.
Marcel Pechman · 03/30 06:47

Potential Bitcoin price fall to $65K ‘irrelevant’ since central bank liquidity is coming — Analyst

Analysts say central banks will expand liquidity in the near future, opening the door for Bitcoin price to make a push toward new all-time highs.
Francisco Memoria · 03/30 06:44

Bitcoin Miner MARA Starts Massive $2B Stock Sale Plan to Buy More BTC

The company, which has the second-largest bitcoin stash among publicly-traded companies, could use the funds to finance further BTC acquisitions.
iBTCNetwork · 03/30 06:42

iBTC to Enable Bitcoin-Based Margin Flows for Institutional Counterparties on the Canton Network

The partnership marks the first time Bitcoin can serve as collateral for OTC derivatives margin flows while maintaining transactional privacy and efficiency
@HabitTradeNews · 03/29 03:59

The Irreversible Integration of Global Capital Markets

These two seemingly parallel worlds, driven by the resonance of their underlying logic, are on the cusp of a historic convergence.
PermaDAO · 03/29 03:59

Arweave/AO Ecosystem Highlights Week 12｜Gold Standard Nodes Competition, $AO Listed on CoinGecko & CoinMarketCap, Aolotto Launches $ALT Staking

Arweave sets a new weekly storage record at 7 TiB, $AO gets listed on CoinGecko and CoinMarketCap, Aolotto launches staking with daily rewards, WeaveVM rebrands to Load Network, and Rimbox rolls out the Set Position feature.