SkyBridge Capital Founder identifies Bitcoin as “digital gold”

By Palak Malhotra
Published October 25, 2021 Updated October 25, 2021
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SkyBridge Capital Founder identifies Bitcoin as “digital gold”

By Palak Malhotra
Published October 25, 2021 Updated October 25, 2021

Anthony Scaramucci, the founder and managing partner of SkyBridge Capital argued Bitcoin’s supremacy, noting that anyone with knowledge of the crypto sphere, owns a piece of Bitcoin. In an interview with CNBC today, Scaramucci claimed that Bitcoin is going to be a “gigantic asset class”, further identifying it as “digital gold”.

Scaramucci stated deep-pocketed investors’ names, including Paul Tudor Jones and Stanley Druckenmiller who own Bitcoin in their financial portfolio commenting, “These are brilliant guys [who] did the homework and drew a conclusion that they needed to own a piece of bitcoin,”. He further added, “Anybody that does the homework … ends up investing into it. Look at Ray Dalio, a bitcoin skeptic, now a bitcoin investor”.

Scaramucci confirmed that he owns “over $1 billion” in Bitcoin, which he started accumulating last year. Furthermore, Scaramucci’s Hedge Fund giant, SkyBridge recently announced its exclusive crypto partnership to build better-decentralized infrastructure. SkyBridge in collaboration with NAX’s trading platform will launch a series of fundraisers, focusing on a variety of decentralized finance efforts associated with digital currencies like Bitcoin.

Long Line of Influential Bitcoin Supporters

Bitcoin does not lack powerful supporters, especially since the US Bitcoin ETF took off shooting beyond the moon with its exceptional institutional adoption. Last week, Bitcoin’s OG supporter, Tesla CEO, Elon Musk tweeted the popular “69-420” meme to define Bitcoin’s exceptional performance in the ongoing bull run.

Following Musk’s footsteps, Newt Gingrich, the Ex-Speaker for the US House of Representatives told the media that his financial advice to countries would be to start using Bitcoin as a hedge against inflation as well as against central banks.

“This is an opportunity for countries to hold part of their reserve in bitcoin as a hedge against inflation and against central banks… I think in particular when you have banks like the central bank of El Salvador that doesn’t do very much to influence worldwide financial behaviour. They’re ultimately at the risk of the larger systems — the Americans the Chinese, the Germans — changing the rules of the game. In its present cycle that’s clearly an inflationary direction…”, said Newt Gingrinch.

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Disclaimer
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
About Author
Palak Malhotra
415 Articles
Journalism & Mass Comm. ‘21 graduate, Palak is a GenZ journalist with background in Lifestyle journalism & PR. At CoinGape, Palak is a junior crypto journalist preparing for Web 3.0

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