Scaramucci Predicts When Bitcoin Will Become a Hedge Against Inflation
BTC wallets need to reach a billion, so the primary cryptocurrency could be considered a hedge against inflation, Scaramucci said. Despite being an outspoken supporter of bitcoin, the founder of the investment company SkyBridge Capital – Anthony Scaramucci – does not believe the asset has reached a status of a hedge against inflation yet. In his view, this will happen once BTC wallets hit a billion.
The American admitted entering BTC’s ecosystem when there were only 80 million wallets, while today, that number has surged to around 300 million. Not long ago, he compared the ongoing crypto winter to the DotCom bubble in the 2000s. The latter eliminated numerous meaningless projects, but some like Amazon and eBay survived the crash and now stand as leaders in their field. Scaramucci believes the bear market in the digital asset industry will have the same effect.
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