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Anthony Scaramucci, Skybridge Capital Founder Notes That Bitcoin Will Trade At $500K

Anthony Scaramucci is the founder and managing partner of New York City-based investment firm Skybridge Capital.
Recently, he makes comments on the U.S. economy, inflation, and bitcoin on CNBC Friday.

Additionally, when questions if he advises people to buy bitcoin at the current price of around $64,000. So, he replies “no question about that.”

Furthermore, current price of BTC, Anthony Scaramucci believes,
“I still believe we are very, very early.” He noted that if Ark Invest CEO Cathie Wood is correct…”
“and there are “a billion wallets at the end of 2024 into the middle of 2025,”

More so, Anthony continues.
“These coins will easily trade at $500,000 a coin. Remember, you don’t even have enough…”
“bitcoin for every millionaire in our society to earn one coin.”

Also, Anthony Scaramucci adds,

“You don’t even have enough [for each millionaire]…”
“So, for me, I think this is a very scarce property.”

Also, Anthony Scaramucci then mentions fears around the rising inflation,

“I’m telling people to own a little bit of bitcoin because that’s offering you an adaptive…”
“technology that’s evolving. And the second thing that it’s offering you is a potential inflation hedge.”

Lastly, Anthony Scaramucci concludes.

“This is very, very early for people. And I’m trying to do my best to…”
“explain to them why they need to own this right now.”

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