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Ethereum

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<p>Anthony Scaramucci, founder of SkyBridge Capital, recently shared his thoughts on Bitcoin during an interview. According to him, Bitcoin is not yet a store of value today, but he envisions that Wall Street could soon step up its efforts to promote this crypto.</p>
<h2 id="h-the-challenges-surrounding-bitcoin">The challenges surrounding Bitcoin!</h2>
<p>Scaramucci explained that Bitcoin is still a technology in the early adoption phase. He pointed out that for Bitcoin to be considered a true store of value, there would need to be more than a billion active wallets. Currently, he believes that regulatory obstacles and fraudulent projects undermine Bitcoin’s legitimacy as a financial tool. In addition, the U.S. Treasury has recently stepped up its efforts to <a href="https://www.cointribune.com/en/the-us-treasury-wants-to-eradicate-the-crypto-threat/" target="_blank" rel="noopener noreferrer nofollow">eradicate the threats posed by cryptocurrencies</a>, signaling potential risks to the U.S. financial system.</p>
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<p>He also mentioned recent incidents, such as the Grimace Coin project, which diverted $700,000 from investors after hacking McDonald’s Instagram account. These events, according to him, tarnish the image of blockchain technology and its potential applications.</p>
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<h2 id="h-the-keys-to-btc-adoption-in-the-hands-of-wall-street">The keys to BTC adoption in the hands of Wall Street?</h2>
<p>Despite these challenges, Scaramucci remains optimistic about Bitcoin’s future. He predicts that Wall Street companies will soon start selling Bitcoin-based exchange-traded funds (ETFs) to their clients. He envisions thousands of financial advisers and registered investment advisers explaining to their clients the importance of including BTC in their portfolios.</p>
<p>Scaramucci <a href="https://www.youtube.com/watch?v=ccbQzMAB8Tc" target="_blank" rel="noopener noreferrer nofollow">also highlighted</a> the potential benefits of payment systems and layer 1 technologies based on Bitcoin, which could stimulate the global economies. He emphasized that widespread adoption of Bitcoin by Wall Street could transform the market and significantly expand its use.</p>
<p>Although Bitcoin is not yet a store of value according to Scaramucci, he sees a promising future with the increasing involvement of Wall Street. Regulatory challenges and fraud remain obstacles, but Bitcoin could become more integrated into the financial system. Additionally, an expert predicts that <a href="https://www.cointribune.com/en/ethereum-will-surpass-bitcoin-in-2029-according-to-an-expert/" target="_blank" rel="noopener noreferrer nofollow">Ethereum will surpass BTC in market capitalization</a> by 2029, adding an interesting dimension to the evolution of cryptocurrencies.</p>

Wall Street Could Propel Bitcoin Into a True Store of Value!

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