Editor's PiCK
"Institutions and Nations Expected to Purchase Bitcoin (BTC) in Coming Months"
Summary
- SkyBridge Capital founder Anthony Scaramucci stated that there is a high possibility that more institutions and countries will purchase Bitcoin (BTC) within the next few months.
- Bitcoin has shown a downward trend over the past 4-5 years, but according to Scaramucci, institutions will highly anticipate the possibility of US cryptocurrency purchases within the next 3-6 months.
- He forecasted that ultimately, institutions and other national governments will follow the US's Bitcoin strategy.
Anthony Scaramucci, founder of SkyBridge Capital, stated in an interview with CNBC on the 10th (local time) that "more institutions and countries are likely to purchase Bitcoin (BTC) in the coming months."
He said, "Unfortunately, Bitcoin has shown a downward trend over the past 4-5 years," adding that "there were high expectations that the cryptocurrency market would stabilize after the Trump administration takes office."
He continued, "Although the market is currently sluggish, I predict that more institutions will highly anticipate the possibility of the US purchasing cryptocurrencies within the next 3-6 months," explaining that "eventually, institutions and other national governments will follow the US's Bitcoin strategy."
Meanwhile, as of 04:10 on the 11th, BTC is trading at $77,764.04 on the Binance Tether (USDT) market, down 5.57% compared to the previous day.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
