Founder of Tianqiao Capital: BTC is still in its early stages and is not yet a 'store of value' asset

2024-08-22 18:02:38

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BlockBeats News, on August 23, Anthony Scaramucci, founder and co-managing partner of SkyBridge Capital, was interviewed on CNBC’s Squawk Box to share his views on BTC and Cryptocurrency. Scaramucci is optimistic about the future of BTC, especially in the second half of 2024. He said that the “supply glut” seems to be coming to an end, which he interprets as a positive signal for BTCPA. However, he also talked about the common argument of comparing BTC with gold. Despite gold pumping 30% in the past two years, BTC’s price remains relatively stagnant. But Scaramucci reiterated his belief that BTC is still in its early stages and is a technology, not a store of value. He said that with the emergence of over 1 billion Wallets, BTC may eventually be seen as a store of value.

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