- Anthony Scaramucci, a bitcoin early adopters and founder of Sky Bridge said that at present Bitcoin represents an asset class.
- Interest among the institutional fund managers on investing in Bitcoin has increased in recent years.
- The founder of Sky Bridge also thinks that Bitcoin is also a good option for hedging against inflation
Anthony Scaramucci, an Early Adopter Of Bitcoin and founder of Sky Bridge said that at present Bitcoin represents an asset class. He also said that interest among the institutional fund managers on investing in Bitcoin has increased in recent years.
Anthony Scaramucci Belief Over Early Adopter Of Bitcoin
According to him, Bitcoin is the most secure way to transfer of value among all digital assets. As there is a fixed limit of Bitcoin supply that will ever exist, he thinks Bitcoin can provide some level of permanency of value. Hence, Scaramucci said the crypto has a lot of potentials. He also thinks that the digital currency will be accepted in the marketplace and as an asset class.
Bitcoin Hedge Against Inflation
The founder of Sky Bridge also thinks that Bitcoin is also a good option for hedging against inflation. According to him, the crypto can offer tested and tried a store of value. Hence, it can substitute metals like gold. He thinks in the current lockdown scenario, the early level adopter of bitcoin will get most of the benefit.
They can use this as a hedging tool in the current market scenario of massive inflation. He thinks for the massive inflation, the value of Bitcoin and other currencies will be increased. The early adopter of Bitcoin viewed that blockchain technology has a lot of potentials to control massive inflation.
However, all is not well for his own fund Sky Bridge. Citibank thinks keeping ties with the fund is risky as the fund has too much exposure to credit and mortgage-related securities. However, Hedge fund investor Anthony Scaramucci said the fund has been operating for a long time in this type of structured credit.
Alike some modern financial experts, Anthony Scaramucci also thinks Bitcoin is a good hedge against the dire economic situation. That’s why it seemed he is also very excited regarding the performance of the fund in the next two years by hedging in crypto as numerous hedge investors did.