The founder of Bridgewater Capital: Institutions will accelerate Bitcoin adoption in the coming quarters

2024-05-18 09:55:10

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ChainCatcher news, SkyBridge Capital founder Anthony Scaramucci believes that institutions have begun to fully adopt Bitcoin and will accelerate rapidly in the coming quarters. Scaramucci made this statement during an interview with CNBC, emphasizing the increasing acceptance of Bitcoin by major financial institutions and pension funds.

He pointed out that Wisconsin recently announced an investment in Bitcoin and suggested that other pension funds might follow suit. He attributed the growing interest of institutions in Bitcoin to regulatory approvals, which address a key barrier faced by large institutional investors.

Scaramucci also discussed the broader implications of adopting Bitcoin, describing it as "digital gold" rather than a universal currency, and emphasized Bitcoin's role as a hedge against mass printing and inflation.

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