Anthony Scaramucci of SkyBridge Capital Predicts Bitcoin to Surpass Gold’s $16 Trillion Market Cap
Anthony Scaramucci, a seasoned hedge fund manager, is optimistic about Bitcoin’s future, believing that its market cap will surpass the $16 trillion valuation of gold.
In a recent CNBC interview, the SkyBridge Capital founder emphasized Bitcoin’s superiority as an asset, citing its immutable and decentralized nature. Scaramucci acknowledged that while Bitcoin’s current market cap stands at $1.4 trillion, it has the potential to reach and exceed half of gold’s market capitalization over time.
He highlighted the importance of regulatory acceptance, stating that as regulators approve BTC, more investors will include it in their portfolios, contributing to its growth. As of now, Bitcoin is trading at $66,587.
Clever Robot News Desk 23rd April 2024
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