A man named Anthony Scaramucci, who used to be friends with Trump, thinks more money-saving accounts for older people (called pension funds) will start putting some of their money into a digital thing called Bitcoin. He says this because one part of the government in Wisconsin has already put some money into Bitcoin and other big companies are doing the same. Scaramucci believes that more people and businesses will want to use Bitcoin as it becomes easier for them to do so with rules from a group called the SEC. He thinks we are still at the beginning of using Bitcoin and it could become very valuable in the future. Read from source...

- Scaramucci uses an analogy of Web 1 in 1999 to justify his bullishness on Bitcoin, but fails to acknowledge the fundamental differences between the internet and cryptocurrency markets. The internet was a new technology that enabled global communication, information exchange, and e-commerce, while cryptocurrency is a speculative asset class with limited real-world use cases and high volatility.
- Scaramucci cites the regulatory approval of Bitcoin ETFs as a major factor for institutional adoption, but ignores the fact that many ETF proposals have been rejected or withdrawn due to regulatory concerns, security issues, or market manipulation risks. The recent SEC approval of the first Bitcoin ETF in the US was a historic event, but it does not guarantee that other ETFs will follow suit or that they will attract significant investment from pension funds and other large-scale institutions.
- Scaramucci claims that he is still early in Bitcoin, despite having invested over 30% of his fund's assets in the cryptocurrency, which suggests that he may be suffering from confirmation bias or recency bias, as well as being overly optimistic about the future prospects of Bitcoin. He also admits that there are "bumps and scrapes" along the way, but does not acknowledge the potential risks and drawbacks of investing in such a volatile and unpredictable asset class.
- Scaramucci's prediction of Bitcoin hitting $150,000 is based on a simple extrapolation of its price growth since 2010, without considering the underlying factors that drive the demand and supply of Bitcoin, such as adoption, innovation, competition, regulation, security, and scalability. He also does not provide any evidence or reasoning to support his claim, other than his personal belief and confidence in Bitcoin.