2024

Biden

Evolution

Bitcoin

<h2 id="key-points">Key Points</h2> 
<ul> 
 <li>President Biden’s crypto policies, including the veto of the SAB 121 repeal, have stirred controversy in the crypto community.</li> 
 <li>Anthony Scaramucci, founder of SkyBridge, supports Biden and highlights Bitcoin’s growth during his administration.</li> 
</ul>  
<p>President Joe Biden’s recent crypto policies have been met with significant backlash from the crypto community.</p> 
<p>One decision that has drawn widespread criticism is Biden’s veto of the repeal of Staff Accounting Bulletin 121 (SAB 121).</p> 
<h2 id="sab-121-controversy">SAB 121 Controversy</h2> 
<p>SAB 121, the SEC’s controversial accounting guidelines, has been critiqued for discouraging large-scale cryptocurrency custody services by investment banks.</p> 
<h2 id="scaramucci-s-support-for-biden">Scaramucci’s Support for Biden</h2> 
<p>Despite the controversy, Anthony Scaramucci, founder of SkyBridge, believes Biden is the best choice for the upcoming election, even for crypto voters.</p> 
<p>In a recent conversation on the “Unchained” podcast, Scaramucci expressed his support for Biden, stating his belief that Biden is the right choice for America in the long term.</p> 
<p>Scaramucci also noted that Trump was very negative on <a href="https://coineagle.com/price/bitcoin/">Bitcoin</a> and digital assets while president, but has since done a 180 because he wants your vote.</p> 
<p>He highlighted Bitcoin’s growth during Biden’s administration, stating that Bitcoin has gone from $17K to $70K in the Biden Administration.</p> 
<h2 id="scaramucci-s-viewpoint">Scaramucci’s Viewpoint</h2> 
<p>Scaramucci’s viewpoint is further supported by data from one of Polymarket’s prediction markets’ data on the 2024 ‘Presidential Election Popular Vote Winner’, where Biden is favored with a 56% chance compared to Trump’s 36%.</p> 
<p>However, in another Polymarket prediction market for the ‘Presidential Election Winner in 2024’, Trump leads with a 60% probability, overshadowing Biden’s 34%.</p> 
<p>As the election outcome is awaited, it will be interesting to see the eventual winner.</p> 
<p>In the meantime, Scaramucci maintains that despite past criticism, Trump is being opportunistic with his stance on crypto just to enhance his electoral prospects.</p>

From Negative to Advocate: The Evolution of Anthony Scaramucci’s Bitcoin Perspective

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