Anthony Scaramucci, founder and managing partner at SkyBridge Capital, continues to be bullish on bitcoin. He now thinks bitcoin could increase by a whopping 2,662% from its current market capitalization of around $543 billion.
While Scaramucci, a former White House communications director under Donald Trump's presidency, is bullish on bitcoin, he doesn't think it will become the universal standard of money as some bitcoin maximalists want it to become, at least in his lifetime. The current financial system is "broken," according to Scaramucci, who said it can be fixed with the right leadership. However, this would take 15 or 20 years of long-term planning.
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