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Seeking Alpha 2021-10-22 13:59:30

Anthony Scaramucci: Bitcoin reached escape velocity, calls Trump SPAC 'garbage propaganda'

Anthony Scaramucci: Bitcoin reached escape velocity, calls Trump SPAC 'garbage propaganda'

Anthony Scaramucci, the founder of SkyBridge Capital and a former top Trump administration staffer, argued Friday that Bitcoin (BTC-USD) "reached escape velocity this week" thanks to the launch of a Bitcoin futures ETF and to signs of greater institutional acceptance of cryptocurrencies. Speaking to CNBC, Scaramucci also took a swipe at his one-time boss, former President Donald Trump, saying he hopes Trump's new media SPAC does well so that he won't run for president again. "I want that thing to go up, like, another ten times. The more it goes up, the less likelihood Donald Trump is running for president in 2024," he said. That said, Scaramucci said he wouldn't buy Trump's SPAC. "I don't like buying things that are bad for my health, so I'm not into cannabis and I'm not into media disinformation and garbage propaganda," he said. On Thursday, a SPAC called Digital World Acquisition Corp. (NASDAQ:DWAC)

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