Experienced hedge fund manager Anthony Scaramucci, Bitcoin He stated that he believes that one day the market value will exceed the 16 trillion dollar value of gold.
Expressing his views in a new interview on CNBC, the founder of SkyBridge Capital claimed that Bitcoin is a unique asset that has never been seen in human history in the last 5,000 years.
Anthony ScaramucciAccording to , Bitcoin still has some way to go to reach the same market cap as gold, but he thinks that gap will close once regulators approve BTC.
“What clears up my doubts is the immutable and decentralized nature of BTC. The network itself continues to grow. Looking at our use of money over the last 5000 years, BTC ticks all the boxes. The only thing he doesn’t control is central bank manipulation, which makes him more powerful.
So, with a current market cap of $1.4 trillion, could Bitcoin’s market cap reach $16 trillion, half that of gold? We believe this is possible. In fact, we all think gold will exceed its market value.
But if you’re saying American investors in the ETF can’t afford it, I disagree. Because over time, regulators will allow people to add Bitcoin to their portfolios. Even a 1% position in global portfolios could help BTC become much stronger.”
At the time of writing this article, Bitcoin was trading at $66,587.
