Skybridge Capital CEO: I believe Bitcoin’s market value will eventually exceed that of gold
2024-04-22 07:28:52
Odaily News Anthony Scaramucci, CEO of SkyBridge Capital, said in an interview with CNBC that Bitcoin's market value will eventually exceed the valuation of gold ($16 trillion). Bitcoin is a high-quality asset unprecedented in human history over the past 5,000 years. Scaramucci said that Bitcoin still has a long way to go to catch up with gold's $16 trillion market value, but he believes that the gap will narrow over time as regulators recognize Bitcoin. He said: "We actually think it will (eventually) exceed the market value of gold. If you think that there are not enough holders of U.S. ETFs to drive it to this goal, I disagree, because over time, regulatory acceptance will allow people to include it in their portfolios. Holding a 1% position in these global portfolios can achieve this goal." (The Daily Hodl)
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