On April 17, Skybridge Capital founder Anthony Scaramucci responded to some critics' concerns that Bitcoin is neither a hedge against inflation nor a store of value, especially considering its recent decline during conflicts in the Middle East.
Scaramucci explained that Bitcoin is neither in terms of current global adoption rates. "But he stressed that Bitcoin remains an early-stage technology asset that will trade like other risky assets until it has more than 1 billion users, which should happen by the end of 2026. When Bitcoin is large enough, it will act as both an inflation hedge and a store of value.
Founder of SkyBridge Capital: When Bitcoin is large enough, it will serve as both an inflation hedge and a store of value
2024-04-17 06:58:19
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