Scaramucci lauds Bitcoin
Hedge fund investor Anthony Scaramucci believes that anyone who studies bitcoin carefully and understands the cryptocurrency will be convinced of its potential. He stated that does who study the coin end up investing in it.The SkyBridge Capital founder told CNBC earlier today that
Do the homework on bitcoin, understand what it is. Anybody that does the homework … ends up investing into it. Look at Ray Dalio, a bitcoin skeptic, now a bitcoin investor. These are brilliant guys [who] did the homework and drew a conclusion that they needed to own a piece of bitcoin.Scaramucci suggested that Bitcoin’s critics should read the cryptocurrency’s whitepaper amongst other materials regarding the market. Most of Bitcoin’s critics are those within the traditional financial space. Despite their criticism, numerous financial institutions are now involved in the crypto space, including the likes of Morgan Stanley, Goldman Sachs, JPMorgan and others.
Bitcoin is the digital gold
There has been a long-standing argument about Bitcoin and its position in the financial markets. Scaramucci said he sees bitcoin as digital gold. He added that he had invested over $1 billion in bitcoin, which he started accumulating last year.Bitcoin reached a new all-time high above $67,000 a week ago and is now trading above the $63k level.
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