Anthony Scaramucci Thinks It Would Be Positive For China To Quit Mining

Anthony Scaramucci Thinks It Would Be Positive For China To Quit Mining

Anthony Scaramucci, CEO and founder of SkyBridge Capital, spoke on the Squawk Box about the effects of China’s pressure on miners.

Scaramucci believes that China’s move will be beneficial in the long run, even if the developments have a negative impact on the value of Bitcoin (BTC).

A Positive Development

Scaramucci also reminded that according to Michael Saylor, MicroStrategy CEO and president of the Bitcoin Mining Association, 56% of all BTC mining operations are conducted using green energy.