CoinGapeNews

Billion Dollar Wealth Manager Anthony Scaramucci Says Bitcoin Better Than Gold

Bitcoin has found another admirer in billion-dollar wealth manager and Skybridge Capital CEO Anthony Scaramucci who in a recent interview with CNBC said that he sees bitcoin as the future as it is much easier to store and transfer.

“It was 1500-something when Copernicus said we may be revolving around the sun. Things do change,” says @Scaramucci on #bitcoin #btc. “In a lot of ways if you really study it, it’s better than gold. It’s easier to store. You can move it around more quickly.” pic.twitter.com/X7vfu1A9eU
— Squawk Box (@SquawkCNBC) March 18, 2021

Bitcoin this bull run has won over many traditional fund managers and financial giants including the world’s oldest custody bank BNY Mellon and most recently America’s largest bank Morgan Stanley.
Scaramucci also heads Skybridge Capital Fund founded back in 2005 and is currently worth $200 million. The wealth manager’s praise for Bitcoin didn’t come as a surprise for many given not just institutional fund managers but well-known gold bugs have cut their exposure in lustrous metal this year to invest more in Bitcoin.
Bitcoin Continue to Rise as Choice of Store of Value Over Gold
Many believed gold would outshine Bitcoin at the start of the pandemic in the first quarter of 2020 as Gold price peaked new highs while Bitcoin was struggling with a near 50% crash in March. However, as the pandemic rose the traditional store of value of centuries started to lose the interest of the investors as they started to …
Story continues on CoinGape

Related posts
Bitcoinbitcoin etfBitcoin NewsbtcusdBTCUSDCBTCUSDTNewsxbtusd

VanEck’s Bitcoin ETF Application Gains Traction, Awaits Final SEC Verdict

The first American Bitcoin exchange-traded fund might hit the market this year. Investors are keeping their fingers crossed following a recent update from the US Securities and Exchange Commission in which VanEck’s ETF was acknowledged. VanEck’s Bitcoin ETF stands a…
CoinGapeNews

Breaking: Fireblocks Raises $133 Million With Strategic Investment From America’s Oldest Custody Bank BNY Mellon

Fireblocks, a crypto-security firm has raised $133 million in its Series C funding round which was led by investment manager Coatue, fintech firm Ribbit and growth equity firm Stripes. It also received a strategic investment from the oldest American custody…
CoinGapeNews

Hedera Hashgraph (HBAR) Price Prediction: 10x ($3.0) By The End Of 2021?

Why Hedera Hashgraph (HBAR)? Hedera Hashgraph is one cryptocurrency project that’s taken a completely different approach to creating distributed ledger technology. Over the past years, Hedera Hashgraph has made incredible strides towards institutional adoption and has secured multiple institutional partnerships…