### Anthony Scaramucci on Bitcoin Treasury Strategies Anthony Scaramucci, founder of SkyBridge Capital, believes the trend of companies holding Bitcoin on their balance sheets is unlikely to be sustainable long-term. He highlighted MicroStrategy as an exception, citing their existing business divisions alongside Bitcoin holdings. ### Why Bitcoin Treasury Strategies Might Fail Scaramucci suggests that while investors may initially favor companies with Bitcoin on their balance sheets, the market will eventually prioritize traditional metrics like profitability and value creation. Companies solely relying on Bitcoin holdings may struggle to maintain high valuations. The "copycat strategy" of simply holding Bitcoin, without a solid business model to support it, will likely fade, according to Scaramucci. Investors are likely to shift focus back to a company's core business performance. ```

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