In a recent episode of the Bankless podcast, Anthony Scaramucci discusses how the upcoming 2024 US election could shape the future of cryptocurrency. He shares insights on the possibility of establishing a US Bitcoin reserve, the growing acceptance of crypto among Wall Street firms, and offers some investment tips. Scaramucci reflects on his previous misprediction regarding the election outcome, crediting Trump's well-known name and the Democrats' anti-crypto stance for alienating voters. He foresees bipartisan support for a US Bitcoin reserve as essential to countering China's influence. While he notes that Wall Street's embrace of crypto is increasing, he points out that it's still at an early stage, highlighted by figures like Larry Fink, who shifted from opposing Bitcoin to supporting it after further research. His key piece of advice is to invest in Bitcoin for the long haul and to maintain a frugal lifestyle to better navigate market fluctuations.
