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The former director of communications at the White House expressed concern about the “hypocrisy of current American political figures” talking about cryptocurrencies.
SkyBridge Capital founder Anthony Scaramucci said at the Australian Financial Review Crypto Summit that the blockchain industry has a bright future, but this is hampered by the fact that current US politicians are weak leaders.
The blockchain industry can seem a bit awkward right now, Scaramucci says. However, the industry should be more concerned about the fact that one of the current politicians becomes the next American president. The businessman is especially concerned about Senator Ted Cruz, whom he calls “the apotheosis of hypocrisy.” The senator, according to Scaramucci, speaks negatively of other politicians in private conversations, but in public he praises them – for example, former US President Donald Trump.
The head of SkyBridge is worried that such hypocrisy will be carried over to cryptocurrencies. At the moment, Senator Cruz is a big public supporter of digital currencies. The senator spoke out in support of bitcoin and praised decentralization, but subsequently, users criticized him, saying that the politician was simply using populist rhetoric to score points.
Despite concerns about politicians, Scaramucci believes that when the US Internal Revenue Service (IRS) classifies crypto as property, it will make any attempt to upstage digital assets impossible:
“I am sure we have reached the point where bitcoin will be fairly regulated, and with it other cryptocurrencies. In five years, everyone will probably have a crypto wallet on their phone and every restaurant on the planet will accept digital currencies as payment.”
Earlier, the founder of SkyBridge said that any investor should invest at least a small part of their capital in bitcoin, since BTC is guaranteed to reach $100,000.
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