Anthony Scaramucci, the founder of SkyBridge Capital, has made bold predictions regarding the future of Bitcoin (BTC) and Ethereum (ETH). In a recent interview on the Unchained Crypto YouTube channel, Scaramucci stated that he believes Bitcoin could experience a staggering 300% increase, while Ethereum could see a 240% surge from their current values.

Scaramucci’s predictions extend further, as he anticipates that US President Joe Biden will secure his re-election in November, surpassing former President Donald Trump. Following this, Scaramucci expects crypto assets to reach new all-time highs.

One of the main factors driving Bitcoin’s bullish cycle, according to Scaramucci, is the increased adoption of the leading digital asset by institutional investors. He believes that Bitcoin will be recognized as an asset class and will be recommended as a percentage of institutional portfolios by outside consultants. This declaration will generate a significant demand for Bitcoin, leading to further price appreciation.

Scaramucci highlights the state of Wisconsin’s recent announcement that they hold approximately $160 million worth of Bitcoin as part of their asset-allocated portfolio for institutions. He suggests that if investors are not long on Bitcoin, they may underperform their peers, as Bitcoin proves to be a high-performing asset.

Currently, Bitcoin is trading at $64,163, experiencing a slight decrease in the last 24 hours. Conversely, Ethereum is trading at $3,531, with a slight increase in the past 24 hours.

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