Anthony Scaramucci Says Bitcoin is Set to Become a Store of Value in 2 Years
According to Anthony Scaramucci, founder of SkyBridge Capital, Bitcoin is not yet widely adopted enough to effectively serve as a hedge against inflation and a store of value.
He expressed this opinion in response to CNBC’s Squawk Box host Andrew Ross Sorkin who questioned why Bitcoin, which is often touted for these qualities, experienced a drop over the weekend amidst tensions in the Middle East.
Scaramucci believes that Bitcoin is still in its early stages and will continue to be influenced by market risk until it reaches over a billion users, which he predicts will happen by the end of 2026, if not sooner. As adoption increases, it will begin to exhibit both characteristics.
The entrepreneur also highlighted the fact that since January 2022, the US dollar has lost 22% of its value while the value of Bitcoin has grown by 3.5 times.
