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Skybridge Capital founder: When Bitcoin is large enough, it will serve as both an inflation hedge and a store of value

Skybridge Capital founder: When Bitcoin is large enough, it will serve as both an inflation hedge and a store of value

Cointime2024/04/17 07:16
By: Cointime
BTC-0.13%

On April 17th, Skybridge Capital founder Anthony Scaramucci responded to some critics' concerns that Bitcoin is neither an inflation hedge nor a store of value, especially considering its recent performance during the Middle East conflict. Scaramucci explained that currently, in terms of global adoption rates, Bitcoin is neither. However, he emphasized that Bitcoin is still an early-stage technological asset that will trade like other risk assets until it has over one billion users, which should happen by the end of 2026. When Bitcoin reaches a large enough scale, it will serve as both an inflation hedge and a store of value.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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