Key Points
- Anthony Scaramucci, SkyBridge Capital CEO, teases new book ‘The Little Book of Bitcoin’ with a foreword by Michael Saylor.
- The book is anticipated to provide valuable perspectives on Bitcoin’s future and its role in the financial world.
Anthony Scaramucci, the chief executive of SkyBridge Capital, has given a sneak peek into his forthcoming book titled ‘The Little Book of Bitcoin’.
In a recent social media post, he shared that Michael Saylor, co-founder of MicroStrategy and a prominent Bitcoin supporter, has penned the foreword for his book. Scaramucci lauded Saylor as a “living legend” and expressed gratitude for his contribution.
Book’s Content and Saylor’s Bitcoin Involvement
Though Scaramucci has not disclosed much about the book’s specifics, the cover gives a hint about its content. It states: “What You Need to Know that Wall Street Has Already Figured Out,” suggesting that the book will explore Bitcoin’s significance and insights from financial experts.
Michael Saylor has become a key figure in the Bitcoin world by making substantial investments through his company. Since August 2020, MicroStrategy has invested over $13 billion in Bitcoin, making it one of the largest corporate holders of the cryptocurrency. This has led to a surge in the company’s stock, offering investors indirect exposure to Bitcoin.
Despite recent fluctuations in Bitcoin’s price, Saylor remains optimistic. He recently projected that Bitcoin could reach $13 million per coin over the next 21 years. Saylor believes Bitcoin’s current market cap, which represents only 0.1% of global capital, could grow to 7% of the world’s capital. This optimistic forecast highlights Saylor’s confidence in Bitcoin’s long-term value, which he views as a superior investment compared to holding cash.
Scaramucci’s Views on Bitcoin
Scaramucci has been vocal about his bullish stance on Bitcoin. In an interview with the Schwarb Network, he shared his view that Bitcoin could reach prices between $150,000 and $200,000 as the number of Bitcoin wallets continues to grow.
Currently, there are over 460 million Bitcoin wallets, with a significant portion holding considerable amounts of Bitcoin. Scaramucci believes that Bitcoin’s value could potentially align with gold’s market cap, which stands at $17 trillion. He sees this as a major opportunity for Bitcoin to rise significantly in value.
Scaramucci has also expressed concerns about the regulatory environment for cryptocurrencies. He has criticized the U.S. Securities and Exchange Commission (SEC) for its strict enforcement approach, which he believes hampers the growth of the crypto industry.
Recently, Scaramucci addressed the importance of stablecoins like Tether’s USDT and Circle’s USDC in supporting the U.S. dollar’s global relevance. He argues that stablecoins play a crucial role in maintaining the dollar’s significance, especially in light of new currency initiatives by BRICS countries.
As ‘The Little Book of Bitcoin’ approaches its release, Scaramucci’s insights are expected to offer valuable perspectives on Bitcoin’s future and its role in the financial world. The crypto community is eagerly waiting to see how the book will influence the industry.
