According to BlockBeats, SkyBridge Capital founder Anthony Scaramucci stated that the trend of public companies incorporating Bitcoin into their balance sheets is merely a temporary phenomenon and will lose momentum in the coming months.
Scaramucci believes that investors will question why they should pay a premium for companies that hold Bitcoin instead of directly purchasing Bitcoin themselves. This trend began in 2021 when MicroStrategy led the way in buying Bitcoin, causing its stock price to soar 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 scarcity for companies hoarding Bitcoin has been weakened.
