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Bitcoin has actually dropped greater than 50% off its November 2021 highs, yet long-term capitalists need to not be bothered with the cryptocurrency's ability to reach its maximum capacity, said Anthony Scaramucci, creator of SkyBridge Capital and former White Residence Communications Supervisor.
Scaramucci was formerly a critic of cryptocurrencies yet has because altered his mind on digital assets. Currently, SkyBridge Resources manages funds that spend straight right into Bitcoin and cryptocurrency companies.
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0:00 – Bitcoin cost development
3:42 – Bitcoin as rising cost of living bush
7:52 – Bitcoin thesis
9:55 – Law for cryptos
15:23 – Fed and inflation
#Bitcoin #AnthonyScaramucci #inflation
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Bitcoin crash will be followed by 14x returns; Fed will reign in inflation – Scaramucci (Pt. 1/2)
Watch part 2 of the interview on Russia and Ukraine: https://youtu.be/JU0f2JrHKdQ
Bitcoin has fallen more than 50% off its November 2021 highs, but long-term investors should not be worried about the cryptocurrency’s ability to reach its maximum potential, said Anthony Scaramucci, founder of SkyBridge Capital and former White House Communications Director.
Scaramucci was previously a critic of cryptocurrencies but has since changed his mind on digital assets. Now, SkyBridge Capital manages funds that invest directly into Bitcoin and cryptocurrency companies.
Follow Michelle Makori on Twitter: @MichelleMakori (https://twitter.com/MichelleMakori)
Follow Kitco News on Twitter: @KitcoNewsNOW (https://twitter.com/KitcoNewsNOW)
Follow Kitco News on Twitter: @KitcoNewsNOW (https://twitter.com/KitcoNewsNOW)
0:00 - Bitcoin price growth
3:42 - Bitcoin as inflation hedge
7:52 - Bitcoin thesis
9:55 - Regulation for cryptos
15:23 - Fed and inflation
#Bitcoin #AnthonyScaramucci #inflation
__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
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