This Figure Opens Up About Bitcoin ETFs And Gary Gensler

JAKARTA – Anthony Scaramucci, an American financier and founder of Skybridge Capital is optimistic about bitcoin. He recently discussed various crypto-related topics with Altcoin Daily. He mentioned the Blackrock Bitcoin ETF, and mentioned that he was its first external investor.

He also discussed the situation with Sam Bankman-Fried, the former head of FTX who owns a 30% stake in Skybridge Capital. Scaramucci revealed that he was negotiating with the bankrupt company and had no plans to testify in the Bankman-Fried trial.

The Skybridge leader stated that he spent about four hours with the Department of Justice (DOJ), which informed him that his testimony was not necessary.

“I've said publicly that I think he's a fraud,” Scaramucci said candidly of Bankman-Fried.

"Sam disguised his ADHD and his recklessness and disorder as a cover to cover up his crimes," Scaramucci told Altcoin Daily. "You can't have 8.8 billion US dollars (around IDR 140 trillion) of your customers' money in your personal account, whatever the reason, you can't do that."

“I think the sentence will be lighter than people expect... because he is still young,” said Scaramucci, quoted by Bitcoin.com News. Regarding BTC, Scaramucci estimates that if Blackrock's spot bitcoin ETF gets approval, bitcoin's valuation could multiply up to 11 times. He theorized about significant capital inflows if ETFs from leading financial entities gain SEC approval.

"Think about the magnitude of that, if there was 100 billion US dollars  (IDR 1.5 quadrillion) flowing in bitcoin, it could have a factor of 11 times that in terms of valuation," said Scaramucci. "So, you can see bitcoin changing from an asset of 600 billion US dollars (around IDR 9.5 quadrillion) to an asset of 600 trillion US dollars (IDR 9,654 quadrillion)".

Tells About Gary Gensler

Additionally, Scaramucci mentioned his introduction to Gary Gensler from their time at Goldman Sachs. At Goldman, Scaramucci worked in a variety of roles, including investment banking, equities and private wealth management. Scaramucci described Gensler, now SEC chairman, as "very unlikeable" during his time at Goldman. He speculated that Gensler may have felt slighted by Bankman-Fried's outsized spending in Washington.

Labeling Gensler a “sanctimonious righteous man,” Scaramucci predicted he might still pose a significant challenge to the crypto sector for some time.

“It seems like Gary Gensler is very narrow-minded when it comes to crypto regulation, because if you look back at his MIT teachings from 2018, he seems to get crypto early before many others,” Scaramucci commented.