๐ ๐๐ป๐๐ต๐ผ๐ป๐ ๐ฆ๐ฐ๐ฎ๐ฟ๐ฎ๐บ๐๐ฐ๐ฐ๐ถ: "๐๐ถ๐๐ฐ๐ผ๐ถ๐ป ๐ฎ๐ $๐ฑ๐ฌ๐ฌ๐ ๐ช๐ถ๐น๐น ๐ ๐ฎ๐ธ๐ฒ ๐๐ ๐ฎ ๐ฅ๐ฒ๐ฐ๐ผ๐ด๐ป๐ถ๐๐ฒ๐ฑ ๐๐๐๐ฒ๐ ๐๐น๐ฎ๐๐ ๐๐ถ๐ธ๐ฒ ๐๐ผ๐น๐ฑ"
Anthony Scaramucci, CEO of SkyBridge Capital, shared a bold prediction: once Bitcoin hits $500,000, it will officially be recognized as a full-fledged asset class, much like gold.
๐ Key Highlights:
โก๏ธ Scaramucci explained that Bitcoin's market cap needs to reach $20 trillion to be treated as a separate asset class. โ$3 trillion is like a Mag 7 stock, $20 trillion is an asset class,โ he said.
โก๏ธ He stressed that Bitcoin matching gold's current market cap of $21 trillion is crucial for this recognition.
โก๏ธ The increasing flow of capital through Bitcoin ETFs and institutional strategies like MicroStrategy's (MSTR) approach signals strong growth ahead.
โก๏ธ โWe may not actually be bullish enough,โ Scaramucci remarked, suggesting broader market underestimation.
โก๏ธ Despite crypto being a political flashpoint in the U.S., Scaramucci expects bipartisan incentives to support Bitcoin's growth.
โก๏ธ โAt $500,000, people won't just say Bitcoin is an asset classโtheyโll treat it like one,โ he emphasized.
๐ฎ Bigger Picture:
โก๏ธ Scaramucci sees Bitcoin evolving from a volatile tech investment into a global digital asset, akin to digital gold.
โก๏ธ He has openly disclosed that 70% of his personal wealth is invested in Bitcoin, underscoring his long-term conviction.
โก๏ธ Though critical of political influences, he believes regulatory clarity is improving, paving the way for mass adoption.