Bitcoin's Milestone and Market Surge: A Volatile Week in Crypto
TL;DR Summary
Anthony Scaramucci, founder of SkyBridge Capital, discussed Bitcoin's volatility and its recent price surge to $103,900, emphasizing the importance of a long-term investment approach. He highlighted Bitcoin's historical drawdowns and the positive returns over any four-year period despite volatility. Scaramucci sees recent institutional adoption and regulatory developments as stabilizing factors for Bitcoin, likening its potential to gold. He also mentioned a disagreement with Michael Saylor on portfolio allocation, advocating for a conservative 2% investment in Bitcoin.
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