Anthony Scaramucci, founder and managing partner of SkyBridge Capital, was interviewed on CNBC's "Squawk Box" to share his thoughts on bitcoin and cryptocurrencies.
Scaramucci expressed optimism about the future of bitcoin, especially in the second half of 2024. He said the "supply glut" appeared to be coming to an end, which he interpreted as a positive sign for bitcoin's price movement.
However, he also touched on the usual debate about comparing bitcoin to gold, whose price has remained relatively stagnant despite a 30 per cent rise in the past two years. But Scaramucci reiterated his belief that bitcoin is still in its early stages and is a technology rather than a store of value.
With more than 1 billion wallets, he said, bitcoin could eventually be seen as a store of value.
Founder of SkyBridge Capital: Bitcoin is still in its early stages, not yet a "store of value" asset
2024-08-22 18:03:59
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