“Why I Invested 50% of my Net Worth in Bitcoin” | Anthony Scaramucci

Bankless

[email protected]

Tech News, News, Technology

4.8 • 1.1K Ratings

🗓️ 30 December 2024

⏱️ 60 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

How do politics shape Bitcoin’s future? Can the U.S. adopt Bitcoin as a strategic reserve asset?
Our guest today is Anthony Scaramucci, founder of SkyBridge Capital and author of the upcoming The Little Book of Bitcoin. Known for his finance acumen and brief stint in the Trump administration, Scaramucci unpacks Wall Street’s growing embrace of Bitcoin and its implications for the global economy.
With bold price predictions, Scaramucci explores how Bitcoin could hit $200K and outlines the game-changing impact of blockchain on the global economy.

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TIMESTAMPS

0:00 Intro
5:30 Election takes
12:14 Why Harris lost the election
16:00 Did democrats learn their lessons?
23:42 Strategic Bitcoin Reserve?
26:38 US Dollar backed by Bitcoin?
30:54 US China Crypto race
37:56 Wall Street & Crypto
49:24 Paul Tudor Jones Story
51:45 Bitcoin's Price prediction for
53:35 Other Crypto Assets
54:26 Thoughts on Ether
54:47 The Book's target audience
57:23 Thoughts on Microstrategy
1:00:42 Hedging Advice
1:03:20 Closing & Disclosure

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RESOURCES

Anthony Scaramucci
https://x.com/Scaramucci

The Little Book of Bitcoin
https://www.amazon.com/dp/1394286643

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Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures ⁠

Transcript

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0:00.0	Michael Saylor did the homework, and then when Michael Saylor got done doing the homework, he couldn't sleep.
0:05.4	He said, Anthony, I couldn't sleep. Once I figured out what Bitcoin was, it's like, how am I going to buy enough of this network?
0:12.6	How am I going to do it? And so he's in. So I'm telling you on the margin, there's going to be a legion of people this year that do that homework and get
0:24.3	long Bitcoin.
0:32.2	Welcome to bankless, where we explore the frontier of internet money and internet finance.
0:36.9	This is Ryan John Adams.
0:38.0	David is out today and I'm here to help you become more bankless.
0:42.2	Guys, different type of podcast today.
0:44.3	We have Anthony Scaramucci on the podcast.
0:47.0	Wanted to have him on to get the Tradfai perspective, the Wall Street perspective,
0:51.3	on everything that is going on in crypto.
0:53.9	Of course, 2024 has been a year marked by Wall Street perspective on everything that is going on in crypto. Of course, 2024 has been a year
0:56.4	marked by Wall Street entering crypto in a very big way. We've got the ETFs. We've got people like
1:02.0	Larry Fink weighing in on it. And now at the end of 2024, we have a new administration taking
1:08.3	the helm of which Anthony knows a thing or two about.
1:11.2	We talk about a few things.
1:12.5	Number one, the election of Donald Trump, what this means for crypto.
1:15.6	Two, the likelihood of a strategic Bitcoin reserve.
1:18.6	Anthony is actually very bullish on this, and he explains why.
1:21.6	Number three, how crypto-pilled is Wall Street actually?
1:24.6	If there are more evangelism to be done, what's left to do there.
1:27.4	And number four, advice for investors more evangelism to be done. What's left to do there? And number four,
	...

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