Part 2/7:
Scaramucci acknowledged that his initial expectations were miscalculated. He believed that the SEC would be straightforward in its application of the law regarding Bitcoin ETFs. Instead, he found the regulatory environment to be more arbitrary and capricious than he had anticipated. With recent approvals for Bitcoin ETFs, he now believes that the groundwork has been laid for Bitcoin’s price to potentially surge to $200,000 within the next year. This renewed optimism is also informed by the increasing alignment of the SEC's actions with market expectations.