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SkyBridge Capital Founder on Bitcoin’s Future

SkyBridge Capital founder Anthony Scaramucci believes that Bitcoin is still in its infancy when it comes to adoption. Despite the current volatility and price fluctuations influenced by global events, Scaramucci predicts significant long-term growth for the flagship cryptocurrency.

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Bitcoin’s Maturing Process

In a recent interview, Scaramucci emphasized that Bitcoin is at the early stages of its adoption curve, likening its current state to the early days of the internet in 1999. He anticipates that Bitcoin will eventually surpass the market capitalization of gold as it becomes a more established asset class, with regulatory environments becoming more accommodating.

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Long-Term Outlook

Scaramucci suggested that Bitcoin may not stabilize as a reliable hedge against inflation or a store of value until it garners a billion users, indicating ongoing volatility in the short term. Despite this, he remains optimistic about Bitcoin’s future and its ability to weather geopolitical tensions and market uncertainties.

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Predictions for Bitcoin’s Value

Scaramucci projected that Bitcoin could experience a 3x to 4x surge in value following the halving, based on its historical performance. He compared Bitcoin’s investment profile to that of early-stage Amazon, highlighting the potential for substantial gains over time.

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Overall, Scaramucci’s insights on Bitcoin’s future point to a promising trajectory for the cryptocurrency, with potential for significant growth and mainstream adoption in the years to come.

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