Bitcoin Prediction By Sky Bridge Capital Founder Scarammucci
The founder of Sky Bridge Capital investment firm Anthony Scaramucci made important statements about Bitcoin.
Bitcoin prediction has been made by Scarammucci, the founder of Sky Bridge Capital, which has $ 7.5 billion in funds under its management. Stating that the next generation will buy Bitcoin instead of gold, Scaramucci said that BTC has started to replace gold.
Founder of Sky Bridge Capital Anthony Scaramucci participated in a program on American CNBC Television. Evaluating the trend in Bitcoin and the recently increasing volatility, Scaramucci said:
“Investors Will Have to Accept Volatility”
“Despite the recent declines, we need to state that Bitcoin is still higher than its level at the beginning of the year. I think it has performed well so far. As adaptation increases in Bitcoin, investors will have to accept volatility after a while.”
Bitcoin Will Replace Gold
Stating that Skybridge Capital has a $500 million Bitcoin investment, Scaramucci explained that the next generation will buy Bitcoin instead of gold:
“Bitcoin is still at the early adoption level. Only this year, as of May 31, the amount of money printed by the FED is 460 billion dollars. So despite the volatility, I think we are still at an early stage and I think the adaptation will increase. I think the next generation, including my children, will buy Bitcoin. We, as a company, have a $500 million Bitcoin investment”
“We Expect 1 Billion Bitcoin Users in 2025”
Stating that Amazon shares, which are valuable today, have lost 50 percent of their value 8 times since 1997, Scaramucci stated that they expect 1 billion Bitcoin users in 2025:
“If you kept your 1997 $10,000 Amazon stock today, you would have $24 million today. However, you should also know that this stock has experienced a 50 percent decline 8 times since then. In the 1900s, people adapted to the telephone and began to buy it. This is how they connected with each other. I compare Bitcoin to this. According to the SkyBridge research department, we expect to have up to 1 billion Bitcoin users by 2025. So if you believe in the long-term story, you will have to accept the volatility today.”