SkyBridge Capital founder believes institutional adoption of Bitcoin accelerating rapidly
During an interview on CNBC, Anthony Scaramucci, founder of SkyBridge Capital, highlighted the increasing acceptance of Bitcoin among major financial institutions and pension funds. Scaramucci pointed to Wisconsin’s recent investment in Bitcoin as a sign of growing institutional interest, attributing this trend to Bitcoin’s regulatory approval.
Scaramucci described Bitcoin as “digital gold” and emphasized its role as a hedge against inflation. He encouraged investors to research Bitcoin thoroughly to gain confidence in its potential.
While SkyBridge Capital faced skepticism for its early adoption of Bitcoin in November 2020, Scaramucci noted that many financial institutions now embrace Bitcoin and related investment products.
Speculation about Bitcoin’s future value continues to grow, with some analysts forecasting significant price increases. Scaramucci expressed confidence in Bitcoin’s long-term growth, citing its potential to reach high market cap levels comparable to gold.
As Bitcoin gains traction among institutional investors, experts like Scaramucci believe its role in the global financial landscape will expand further. Bitcoin was trading at around $66,880 at the time of writing.
