BitcoinBTCCointelegraph.comgoldInvestmentScaramucci

Bitcoin ‘better than gold’ if you study it, fund manager tells mainstream media

Getting to grips with Bitcoin reveals its benefits over gold as a store of value, says SkyBridge Capital’s Anthony Scaramucci.
Bitcoin (BTC) is superior to gold if investors take the time to study it, says hedge fund manager Anthony Scaramucci.In an interview with CNBC on March 18, Scaramucci, who is CEO of SkyBridge Capital, reinforced his belief in Bitcoin for mainstream audiences.Scaramucci on Bitcoin vs. gold: “The world is changing”With Bitcoin surging in 2021, questions continue to be asked about whether the gains are coming at the expense of gold, which has failed to capitalize on risks associated with global government money printing.Comparing the two assets, Scaramucci left little doubt as to his preference, arguing that gold may have been the choice for a store of value for 4,000 years, but nothing is forever.”The world is changing — that’s the final record, Joe, the world is changing,” he told host Joe Kernen.$1 invested in gold vs. Bitcoin over 11.4 years. Source: WoobullThe comments fly in the face of staunch gold bugs, notably Peter Schiff, who remains convinced that Bitcoin will fail, leaving gold as the sole choice to escape the perils of central bank economic policy.Continuing, Scaramucci stressed that Bitcoin fulfilled the role of money as technology — a central argument among Bitcoin proponents such as “The Bitcoin Standard” author Saifedean Ammous.”In a lot of ways, if you study it, it’s better than gold. It’s easier to store, you can move it around more quickly, and that value — that …
Story continues on Cointelegraph

Related posts
AdoptionArtAuctionCointelegraph.comCryptocurrenciesFundingIndiaNFTNonfungible Tokens

Buyer of Beeple’s $69M NFT on Christie’s discloses identity

MetaKovan, the pseudonymous founder of NFT fund Metapurse and buyer of Beeple’s $69 million NFT, has revealed himself. The mysterious buyer of the world’s most expensive non-fungible token “Everydays: The First 5000 Days” by Beeple, has revealed their identity.Metapurse, a…
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…
AlchemixCointelegraph.comDeFiEthereumNFT

Finance Redefined: The crypto renaissance is finally here, March 3–17

DeFi and crypto have weathered the storm, looking poised for a fiery 2021. Editor’s noteAfter taking a bit of a break and skipping a week for the newsletter, I’ve returned with the feeling that something big is brewing for the…