Scaramucci "Initially wasn't interested in Bitcoin"...What was the reason for investing 70% of his net worth?

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SkyBridge Capital founder Anthony Scaramucci, who once said he had no interest in Bitcoin (BTC), revealed the background behind his decision to invest more than 70% of his net worth in Bitcoin after encountering discussions about a digital dollar at the White House.

According to financial news outlet Benzinga on May 30 (local time), Scaramucci revealed on a podcast hosted by Liz Thomas, released on April 15, that he first encountered Bitcoin through Hal Finney's presentation in 2011. Hal Finney is known as the software developer who received the first Bitcoin transaction from Satoshi Nakamoto.

Scaramucci said he didn't understand Bitcoin at the time. In 2013, he posted on X (formerly Twitter), which was Twitter at the time, stating that he didn't know what Bitcoin was and had no interest in it. Later, at a Las Vegas conference, Cameron Winklevoss and Tyler Winklevoss explained Bitcoin, but his stance did not change.

Regarding the situation at the time, Scaramucci said, “My eyes were glazed over. I thought, ‘Okay, I don't understand it. I'm not going to invest.’” His change in attitude came during his brief tenure as White House Communications Director in the first administration of U.S. President Donald Trump in 2017.

Scaramucci recalled a scene where then-Treasury Secretary Steve Mnuchin and Federal Reserve officials came to the White House office to discuss Bitcoin and blockchain technology. He said, “They were talking about a white paper regarding the possibility of digitizing the U.S. dollar. I was looking at them, and my eyes weren't glazed over.” It was reported that the officials explained a plan to digitize the dollar on a blockchain, similar to Bitcoin.

Scaramucci left the White House a few days later but subsequently began researching Bitcoin and started investing in Bitcoin through SkyBridge Capital. He has now authored a book on Bitcoin, "The Little Book of Bitcoin," and stated that he has invested over 70% of his net worth in Bitcoin. He also set a target price for Bitcoin to reach $1 million by 2032.

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