Bitcoin Will Boom: Wall Street Prepares for Crypto Craze, According to Scaramucci
💡 Bitcoin's Potential:
🔺 Current Status: Bitcoin is not yet a safe haven asset but has the potential to become one if it reaches over a billion users. Scaramucci views Bitcoin as an early-stage technology rather than a stable asset. Regulatory challenges remain a major concern.
⚠️ Scams and Impact:
🔺 Scaramucci highlights the negative impact of scams like Grimace Coin, which damage the credibility of blockchain technology. The SEC's caution against such projects is justified, as they distract from legitimate advancements like Bitcoin-based payment systems. Recently, a scammer took advantage of McDonald's Instagram account to promote Grimace Coin, resulting in a loss of $700,000 for investors.
⭐️ Future Outlook:
🔺 Wall Street is expected to accelerate the introduction of Bitcoin ETFs. Scaramucci believes that financial advisors will soon recommend Bitcoin as a key part of their portfolios, thanks to Wall Street's strong marketing strategy.
🔗 Source: link (https://cryptodnes.bg/en/bitcoins-big-break-wall-street-gears-up-for-crypto-boom-says-scaramucci/)
