Anthony Scaramucci, founder of the investment firm SkyBridge Capital, commented on Turkey’s decision to ban cryptocurrency payments. In his opinion, such a ban is something good for BTC.
Scaramucci: Ban in Turkey is a good thing
In a new interview with Squawk BoxAnthony Scaramucci admitted that some regions of the world with volatile currencies, such as Turkey, may be looking to hit BTC. However, this will be a sign of the strength of the cryptocurrency becoming something really valuable.
– You’ve seen what is happening in Turkey. They announced that they prohibit the use of cryptocurrencies (…). It can happen elsewhere [na świecie]where currencies are volatile and [rządy] they don’t want Bitcoin to be a trading tool for their citizens – he said and added that politicians are afraid that cryptocurrencies will distract their citizens from fiat currencies.
The best is ahead?
He added that today institutional clients may not yet be interested in cryptocurrency assets, which suggests that BTC is still in an early stage of development and has much more room for price increases than we think. In his opinion, “at some point” institutional adoption will accelerate.
– Still them [tj. instytucji] over there [na rynku] there is no. The saturation level is just not as high as people in the coin world think – He said.
Larry Fink from Black Rock is of a similar opinion. He told CNBC that while he is passionate about Bitcoin and cryptocurrencies, he and his company are yet to see institution-level adoptions.
– I’ll tell you about our investors all over the world… we don’t have one on that [tj. BTC] too many questions. We invest in it. Rick Rieder was on your show talking about the things we do. We are currently researching the topic [kryptowalut] He explained. – There are cryptocurrency elements in the financial markets that are real and that are growing. But if you’re asking me specifically about long-term investing from sovereign wealth funds, pension funds, pension services, large family offices, talking about cryptocurrencies is rare compared to many other conversations. – added.