Skybridge Capital founder: If you are not long on Bitcoin, you are short on Bitcoin
2024-05-20 08:43:43
Anthony Scaramucci, founder and managing partner of Skybridge Capital, discussed the institutional adoption of Bitcoin in an interview with CNBC. He emphasized that large institutions are continuing to accelerate their consolidation of BTC. Also, Scaramucci stated that if you are not long Bitcoin, then you may be short Bitcoin, because if you believe that this will be part of institutional investors' long-term tactical asset allocation strategy, then at some point you we have to be long Bitcoin, therefore, a lot of smart institutions are saying let me be long before it becomes part of the overall tactical asset allocation index, which I think is starting to happen now, which is very good for Bitcoin.
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