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Hedge Fund Manager With $1,000,000,000 in Bitcoin Holdings Says BTC To Manifest as a Gigantic Asset Class – Here’s Why

Hedge Fund Manager With $1,000,000,000 in Bitcoin Holdings Says BTC To Manifest as a Gigantic Asset Class – Here’s Why


SkyBridge Capital founder and managing partner Anthony Scaramucci is betting on Bitcoin’s (BTC) importance as an asset growing massively in the future.

In a CNBC interview, Scaramucci says that he views Bitcoin as “digital gold.”

 

“I think that [Bitcoin] manifests itself into a gigantic asset class. This is equivalent, to me, to digital gold.”

The hedge fund manager says that while Bitcoin’s technical properties appeal to him as an investor, he is not as enthusiastic about the flagship crypto as MicroStrategy CEO Michael Saylor.

“Guys like Michael Saylor and MicroStrategy think it’s better than [digital gold], could be 10 times gold. I’m not a Bitcoin evangelist. I don’t think that Jesus and Moses got together and made a baby and named it Bitcoin, that’s not me. But I am an investor in this because I see the technical properties associated with it.

Ultimately, this is a de-layering mechanism for society. It’s a ledger defined by math. And when you think about the history of money, a ledger defined by math that has a scarcity to it, where no politician or policymaker can corrupt it or add supply to it, I think is a fascinating thing. I think it will have a big position in the global economy over the next decade.”

Scaramucci reveals that he started buying Bitcoin in 2020 and currently owns over $1 billion worth of the flagship crypto.

“For me, I have over a billion dollars in Bitcoin now. I started accumulating that position last year.”

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Sereja.Filippov





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