Connect with us

Crypto

Scaramucci: Trump's Crypto Support Could Push Bitcoin To $150K

Published

on

Scaramucci: Trump's Crypto Support Could Push Bitcoin To 0K

Skybridge Capital founder Anthony Scaramucci anticipates a significant increase in Bitcoin’s value, foreseeing a potential shift towards a less politicized regulatory environment for cryptocurrencies under the upcoming U.S. administration.

What Happened: Scaramucci, who will be a headline speaker at Benzinga’s upcoming Future of Digital Assets event on Tuesday, expressed optimism about U.S. crypto policy in a recent interview with Saxo.

Being a significant investor in Bitcoin BTC/USD and Solana SOL/USD, Scaramucci believes that a depoliticized regulatory landscape could fuel growth in the decentralized finance and blockchain sectors.

Scaramucci predicts Bitcoin’s value could surge to $150,000 if the regulatory issues are addressed. He also mentioned that ex-U.S. Securities and Exchange Commission (SEC) Chair Jay Clayton and former Acting Comptroller of the Currency Brian Brooks are allegedly working on a “100-day plan” to revise stablecoin legislation and clarify asset classifications.

According to Scaramucci, this move could greatly benefit the cryptocurrency sector.

Advertisement

Also Read: Anthony Scaramucci Says Crypto Will Soar If This Presidential Candidate Wins The Election: ‘I Think We’ll See All-Time Highs For Bitcoin And Other Assets’

Despite his endorsement of Vice President Kamala Harris over Donald Trump for the 2024 presidential race, Scaramucci recognized Trump’s positive stance on cryptocurrencies and expressed his readiness to contribute to shaping crypto regulations if given the opportunity.

However, he cautioned that Trump’s isolationist policies could potentially impact the U.S. economy negatively.

“I think Bitcoin has been suppressed by U.S. faulty politicized regulation and so this is one of the good things about the Trump administration they’re going to depoliticize the cryptocurrency regulations be very good for crypto,” he said during the interview.

Why It Matters: The potential shift towards a less politicized regulatory environment for cryptocurrencies could lead to significant growth in the defi and blockchain sectors.

Advertisement

This change, coupled with the proposed updates to stablecoin legislation and asset categorizations, could provide a more favorable environment for cryptocurrencies, potentially driving their values higher.

Scaramucci’s prediction of Bitcoin reaching $150,000 reflects this optimism. However, the impact of political changes on the regulatory landscape remains to be seen.

Read Next

Bitcoin To Hit $1 Million In Next 10 To 18 Months, Says Crypto Analyst: ‘We’re Still So Early In The Bitcoin Story’

Advertisement

Market News and Data brought to you by Benzinga APIs

Crypto

1 Artificial Intelligence (AI) Stock With More Potential Than Any Cryptocurrency | The Motley Fool

Published

on

1 Artificial Intelligence (AI) Stock With More Potential Than Any Cryptocurrency | The Motley Fool

Crypto is stumbling while AI is advancing.

We’re in one of those times when market players are shunning crypto investments. Factors such as persistent inflation, a declining likelihood of interest rate cuts (typically a major catalyst for crypto price pops), and outflows from once-hotly popular crypto exchange-traded funds (ETFs) have put the hurt on even the most prominent digital coins and tokens.

Given that, it’s worthwhile to consider another high-potential technology — artificial intelligence (AI). Despite huge growth opportunities ahead, AI has also taken it on the chin lately as well. It still has a bright future, and I believe investors can still hop on this train with a company that’s not a pure play, but one deeply — albeit not exclusively — involved in the technology.

Read on to see what AI giant I believe can outpace even the most popular cryptocurrencies.

Image source: Alphabet.

Advertisement

Alphabet is advancing AI

That company is none other than Google owner Alphabet (GOOG +0.68%)(GOOGL +0.68%). Although it’s still known, with some justification, as a search engine operator, the company has been neck-deep in AI for years. It’s developed both hardware and the large language models (LLMs) powered by it, and it clearly aims to be a top name in this technology.

I have no doubt it can succeed. Google’s AI component Gemini is now fused into the company’s search and many other features (like Google Mail). This makes it a convenient option for web searchers querying for more than basic information on a subject. Its functionalities are also integrated into offerings like Google Docs, where users can harness AI to help with their writing. The Gemini platform itself is a hot item, with a monthly active user count now topping 750 million.

On the hardware front, Alphabet is not only actively developing and deploying Tensor Processing Units (TPUs) — chips designed to power AI functionality — it invented them. Originally designed to bolster the company’s AI capabilities, the processors are now being sold to external customers, opening another revenue stream.

Alphabet Stock Quote

Today’s Change

(0.68%) $2.11

Current Price

Advertisement

$313.03

AI is a growth catalyst for Alphabet

Alphabet doesn’t break out the revenue it derives from AI hardware and services, so we can’t put a precise number on how much the technology is bringing in for the company.

Still, it’s clearly foundational these days — the phrase “AI” was mentioned 94 times during management’s fourth-quarter and full-year 2025 earnings conference call. And the tech giant stated in the accompanying earnings release that “We’re seeing our AI investments and infrastructure drive revenue and growth across the board.”

Alphabet’s two main revenue buckets, Google Services and Google Cloud — both of which feature AI-enhanced products — have seen robust increases. The former’s revenue grew 14% year over year during the quarter to almost $96 billion, while the latter’s skyrocketed 48% to just under $18 billion.

The numbers don’t lie. Even if the economy slows or inflation remains stubborn, demand for Alphabet’s impressively large suite of AI products and services will remain strong. I’d feel much more confident parking my money in this AI stock than gambling it on a wobbly cryptocurrency.

Advertisement
Continue Reading

Crypto

Truist Wealth Expands Investment Solutions With Cryptocurrency

Published

on

Truist Wealth Expands Investment Solutions With Cryptocurrency

Continue Reading

Crypto

Florida man arrested in $328M cryptocurrency Ponzi scheme: DOJ

Published

on

Florida man arrested in 8M cryptocurrency Ponzi scheme: DOJ

A 34-year-old Florida man, who served as the president and CEO of an alleged cryptocurrency investment firm, has been accused of running a $328 million Ponzi scheme, according to the U.S. Department of Justice.

Christopher Alexander Delgado, of Apopka, Florida, was arrested on federal charges of wire fraud and money laundering, the DOJ announced on Tuesday.

The backstory:

Advertisement

According to the DOJ, Delgado was the CEO and founder of Goliath Ventures, formerly known as Gen-Z Venture Firm.

The DOJ alleges that Delgado convinced people to invest a total of $328 million with his firm between January 2023 & January 2026 under the assumption that it would be invested in cryptocurrency “liquidity pools” – and would promise monthly returns.

Advertisement

The DOJ alleges that the money was instead used to pay returns and principals to previous investors, as well as to pay for lavish business gatherings, holiday parties, and to buy four multi-million-dollar homes (varying in cost between 1.15M and $8.5M).

“Victims were induced to give money to Goliath through personal referrals, professional marketing materials, luxury events, charitable sponsorships, and some monthly payments of purported returns, all of which were designed to establish Goliath’s bona fides with investors,” the DOJ said in a news release.

If convicted, Delgado faces up to 30 years in federal prison, the DOJ said.

Advertisement

According to the complaint, Delgado bought four homes:

  • $3.2 million home in Winter Park in July 2025
  • $1.15 million home in Kissimee in December 2024
  • $8.5 million home in Windermere in September 2025
  • $1.65 million home in Sanford in August 2024

Victim: Lost $720,000

According to the complaint, one unnamed investor reportedly lost $720,000 in Delgado’s alleged scheme. A second investor was reportedly able to get his money back, though he had to directly contact Delgado to ensure he did. The amount of money returned in the second example was not disclosed.

Advertisement

What you can do:

The DOJ said anyone who thinks that they could have been a victim of Delgado’s business to email Goliathvictims@ci.irs.gov. Or to visit this website.

Advertisement

The Source: The DOJ announced the arrest of Christopher Alexander Delgado in a news release on Tuesday. 

ApopkaCrime and Public Safety
Continue Reading

Trending