SkyBridge Capital founder: Suggests Bitcoin investors to hold onto Bitcoin firmly and not use it for anything

2024-03-25 11:13:47

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ChainCatcher news, according to Bitcoin.com, SkyBridge Capital founder Anthony Scaramucci suggested during a panel discussion at the Bitcoin Investor Day conference on Friday that Bitcoin investors should adopt a "do or die" attitude towards Bitcoin and not sell. "Don't do anything with it." He explained that while SkyBridge's clients appreciate incorporating Bitcoin into their portfolios, the significant volatility in BTC prices is concerning. "Scaramucci emphasized, 'They don't like this volatility.' The hardest thing for anyone in the room to do is to do nothing."

In an interview, Scaramucci reiterated that the spot ETF has driven enormous demand for Bitcoin. He stated, "Institutions feel secure because they can purchase SEC-approved ETFs. Moreover, the halving event is approaching. If demand increases rapidly, prices will rise significantly."

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