Scaramucci Sees $10 Trillion Bitcoin Potential Amid Meme Coin Backlash

SkyBridge Capital founder Anthony Scaramucci believes Bitcoin (BTC) has the potential to reach a market cap of $10 trillion, calling it 'one of the best brands ever.' He made this statement on the Wolf of All Streets podcast.

However, Scaramucci criticized President Trump's handling of meme coins, stating that it damaged crypto's image at an important time for the industry. He described Trump's actions as having 'karate chopped' out the growing acceptance of crypto by the public.

Scaramucci also expressed his concerns about the passage of the CLARITY Act, giving it a 40% chance of being passed this year. The act aims to regulate digital assets and has recently been revised with additional ethics provisions.