SkyBridge Capital founder: U.S. may adopt Bitcoin as a strategic reserve asset

Anthony Scaramucci, founder of the U.S. hedge fund SkyBridge Capital, shared on the Bankless podcast that he believes a significant government purchase of Bitcoin—potentially up to 500,000 BTC—will gain support in the U.S. Senate, with bipartisan backing for Senator Cynthia Lummis' bill, Bitcoinist reported. While the initial proposal called for one million BTC, Scaramucci expects a more conservative purchase. He highlighted that younger lawmakers increasingly view Bitcoin as "digital gold" and are more receptive to incorporating it into federal reserves. Adopting Bitcoin could reinforce the dollar's standing in a digitally transforming world, said Scaramucci.