Anthony Scaramucci, CEO of global investment firm Skybridge Capital, explained that Bitcoin (BTC) is an attractive asset, but not yet suitable to act as a hedge against inflation.
CEO Anthony ScaramucciCNBC’s economic program To Squawk Box August 22 on in his statement Bitcoin (BTC) is yet to be an inflation hedge because there is no and rally He talked about his expectations.
Scaramucci is in the program that Bitcoin has recently suffered from inflation. as a means of protection quite often has been brought up stated. But the last 4 quarters In the event that Bitcoin is examined, it has not yet been unsuccessful He said it would be seen.
In order for Bitcoin to be a hedge against inflation, Scaramucci number of wallets exceeding 1 billion declared it necessary. Moreover 21 million Despite the claims that it is a means of protection from inflation due to the supply of bitcoin and to stock market correlation presented his report.
On the other hand, there are already too many short position and that, unexpectedly, almost all of them You can be caught unprepared stated, saying:
Whenever some good news is heard, the markets experience a very strong rally.
In addition, Scaramucci, like the previous programs, also set the long-term Bitcoin target in this program. didn’t change. Anthony Scaramucci is Bitcoin’s long-term $300,000 he believes he will achieve.