Skybridge Capital founder: Bitcoin is still an early technology in the process of adoption
Anthony Scaramucci, founder and managing partner of global investment firm Skybridge Capital, said in an interview with CNBC that Bitcoin (BTC) is not yet a reliable store of value, but an early technology in the process of adoption. His criticism focused on the negative impact of the current regulatory framework in the crypto industry.
Scaramucci revealed that Bitcoin can only be considered a reliable store of value if its adoption expands to more than 1 billion active crypto wallets. While he agrees that this pioneering cryptocurrency could become a store of value in the future, it has not yet reached that status.