Bitcoin (BTC-USD) has surpassed $100K for the first time. The cryptocurrency is enjoying a record-breaking run since President-Elect Donald Trump’s presidential victory.
SkyBridge Founder Anthony Scaramucci sits down with Yahoo Finance’s Julie Hyman and Josh Lipton to talk about bitcoin’s historic milestone.
“I have a lot of my personal net worth in bitcoin because I’m not looking at it and not tracking it day to day,” says Scaramucci. “But this milestone is important because I think it tells people that bitcoin is probably ready now for primetime institutional investing.”
Scaramucci went on to talk about Trump’s pick of Paul Atkins to be the new Chair of the Securities and Exchange Commission.
“I do like it. I’ve known Paul a long time. He’s a libertarian by nature,” says Scaramucci. “He was up for the SEC Commissionership back then just to remind people, I was on President Trump’s presidential transition team eight years ago, and we interviewed Paul and Jay Clayton and many others. He’s a terrific person.”
Watch the video above to hear Scaramucci’s full take on bitcoin and the crypto market.
To watch more expert insights and analysis on the latest market action, check out more Market Domination here.
This post was written by Daniel A. Nelson
