According to BlockBeats, SkyBridge Capital founder Anthony Scaramucci stated that the trend of public companies incorporating Bitcoin into their balance sheets is only 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 holding Bitcoin instead of buying Bitcoin directly. This trend began in 2021 when MicroStrategy led the way in purchasing Bitcoin, causing its stock price to surge nearly 3000%.
Despite being bullish on Bitcoin in the long term, Scaramucci warns investors to examine the hidden costs of Bitcoin-related stocks. With the U.S. SEC approving spot ETFs, the logic of corporations hoarding Bitcoin has been weakened.
