According to BlockBeats, SkyBridge Capital founder Anthony Scaramucci stated that the trend of listed companies incorporating Bitcoin into their balance sheets is only a temporary phenomenon and will lose momentum in the coming months.
Scaramucci believes investors will question why they would pay a premium for companies holding Bitcoin instead of purchasing Bitcoin directly. This trend began in 2021 when MicroStrategy led the charge by buying Bitcoin, and its stock surged nearly 3000%.
Despite being bullish on Bitcoin in the long term, Scaramucci reminds investors to examine the hidden costs of Bitcoin-related stocks. With the U.S. SEC approving spot ETFs, the logic of corporate Bitcoin accumulation has been weakened.
