Famous hedge fund manager Anthony Scaramucci makes important altcoin predictions. Anthony Scaramucci expects Bitcoin (BTC), Ethereum (ETH) and Algorand (ALGO) to take on the role of gold. cryptocoin.com We have compiled the details for you, let’s examine the subject together…
Anthony Scaramucci: Bitcoin will now replace gold!
In an interview with CNBC’s Squawk Box, Anthony Scaramucci explains how Bitcoin and crypto represent a generational shift towards new technological advancement and claims that BTC will replace gold as DVDs and rotary phones are shelved with new innovations. is doing. Anthony Scaramucci adds to his comments on the subject:
Listen, I will never short gold… It has a 5,500-year history of offering a store of value, but like everything else in our society, when you buy a technical property which is a big improvement, it tends to overshadow things. We had DVDs and switched to Netflix and streaming. The Satoshi Nakamoto whitepaper has brought us into a fundamentally new era, and the specs associated with Bitcoin are infinitely better than gold: You can move it around costlessly, store it almost at no cost, and it has this notebook that’s all-missile. You cannot hack it. So, with 21 million cryptocurrencies and their scarcity—remember we only have 65% of the gold mined right now—the shortage of supply, the specs, I think it will probably be 10x better than gold in the long run. But right now, Bitcoin is progressing at the pace that people like Michael Saylor and Cathie Wood predict it will, eventually eclipsing gold. With a market cap of about $1.2 trillion today, gold is roughly $11 trillion. But I think Bitcoin is getting there, just as we use our smartphone today and not a rotary phone.
Anthony Scaramucci: These 2 altcoins are possible bets that will increase exponentially!
Although Anthony Scaramucci says that both gold and Bitcoin can rise together in the face of inflationary pressures, he suggests cryptocurrencies such as Bitcoin, Ethereum and Algorand as possible bets that will increase exponentially over time. Anthony Scaramucci adds to his comments on the subject:
Well, I think gold will be fine, but it’s kind of a straight line situation. Can the humble rise? Yes, but I think features like Bitcoin, leading altcoin Ethereum and Algorand will increase exponentially due to the scalability and security issues around them. Can gold rise? Definitely. If there will be 6% inflation, will gold rise? Certainly. But I would put my money in and encourage customers to put their money in Bitcoin… And I think we’re just getting started with Bitcoin. So it may rise for me, but I wouldn’t be surprised if Bitcoin rises at an exponential rate and gold rises at a linear rate.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram and YouTube join our channel!
Disclaimer: The articles and articles on Kriptokoin.com do not constitute investment advice. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, asset or service in this article.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.