Anthony Scaramucci (SkyBridge Capital) said that Bitcoin has risen while the stock market has fallen recently, a rare phenomenon of 'decoupling.' He mentioned that he has received calls from many large investment organizations, saying: 'Finally, it is working like gold.'

Scaramucci emphasized that when Bitcoin begins to fluctuate independently of high-beta technology stocks, that is the key factor for Bitcoin to mature and be recognized as a true asset by corporations, governments, and financial institutions.

He believes that Bitcoin is transitioning from a technology investment, correlated with NASDAQ and the MAG7 stock group, to 'digital gold.' As the number of Bitcoin wallets increases from about 300 million currently to 1 billion users in the future, the level of volatility will decrease, similar to what happened with Microsoft or Google stocks as ownership became more widely distributed over two decades.

The question is: 'Is Bitcoin an investment, or is it an asset?'

If it is just an investment, its market capitalization could reach 1–3 trillion USD, equivalent to the MAG7 stock group. But if it truly is a global asset, then Bitcoin can entirely compete with gold — which is currently valued at about 22–23 trillion USD.

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https://x.com/ThuanCapital/status/1922156904438235502