Finance

Anthony Scaramucci on bitcoin and its potential to replace gold

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Investors will need to accept the trajectory and level of volatility in bitcoin as the digital currency becomes more widely adopted globally, according to SkyBridge Capital’s Anthony Scaramucci.

Following a run to an all-time high above $63,000 in April, the price of bitcoin has swiftly tumbled in a matter of weeks — at one point even more than halving from those earlier highs. Still, it’s gained more than 10% since the start of 2021. As of 2:35 a.m. ET Wednesday, the price of bitcoin was at $33,744, according to data from Coin Metrics.

“I will point out that bitcoin is still up on the year, so it’s actually been a very good performer this year.,” Scaramucci told CNBC’s “Capital…



Source cnbc.com

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