New York (CNN Business) Anthony Scaramucci is dumbfounded by the universal opposition among Republicans in Congress to President Joe Biden's $1.9 trillion America Rescue Plan. "The Republicans decided they were not going to vote for it, which is great irony to me because they spent $7.8 trillion during the Trump administration," Scaramucci, founder and managing partner of SkyBridge Capital, told CNN Business. If he were in Congress representing his home state of New York, Scaramucci said he "100%" would have voted for the legislation, which could soon be Biden's signature legislative achievement. Scaramucci said there is "no reason" bitcoin can't climb from around $50,000 today to $100,000 by the end of the year. But Scaramucci says bitcoin adoption is only just beginning — and will cause the digital currency's value to rise into several hundred thousand as it gathers momentum.

Source: CNN March 09, 2021 12:32 UTC