Anthony Scaramucci, founder and managing partner of SkyBridge Capital, believes Bitcoin’s (BTC) importance as an asset will grow massively in the future.
Scaramucci describes Bitcoin as “digital gold” in an interview with CNBC.
“I think that [Bitcoin] manifests itself into a gigantic asset class. This is equivalent, to me, to digital gold.”
Although the hedge fund manager believes Bitcoin’s technical properties attract him as an investor, he is not as excited about the flagship crypto as MicroStrategy CEO Michael Saylor.
“Guys like Michael Saylor and MicroStrategy think it’s better than [digital gold], could be 10 times gold. I’m not a Bitcoin evangelist. I don’t think that Jesus and Moses got together and made a baby and named it Bitcoin, that’s not me. But I am an investor in this because I see the technical properties associated with it.Ultimately, this is a de-layering mechanism for society. It’s a ledger defined by math. And when you think about the history of money, a ledger defined by math that has a scarcity to it, where no politician or policymaker can corrupt it or add supply to it, I think is a fascinating thing. I think it will have a big position in the global economy over the next decade.”
Scaramucci reveals that he started buying Bitcoin in 2020 and currently owns over $1 billion worth of the flagship crypto.
“For me, I have over a billion dollars in Bitcoin now. I started accumulating that position last year.”
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Chris Munch is a professional cryptocurrency and blockchain writer with a background in software businesses, and has been involved in marketing within the cryptocurrency space. With a passion for innovation, Chris brings a unique and insightful perspective to the world of crypto and blockchain. Chris has a deep understanding of the economic, psychological, marketing and financial forces that drive the crypto market, and has made a number of accurate calls of major shifts in market trends. He is constantly researching and studying the latest trends and technologies, ensuring that he is always up-to-date on the latest developments in the industry. Chris’ writing is characterized by his ability to explain complex concepts in a clear and concise manner, making it accessible to a wide audience of readers.
