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Michael Saylor criticizes Scaramucci's bitcoin investment advice for being too conservative

Anthony Scaramucci, founder of SkyBridge Capital, stressed in an interview that bitcoin needs to be held for four years, despite a recent pullback from about $103,900. He pointed out that the largest pullback in bitcoin history was 82%, but the average positive return in four years. He also said that bitcoin is moving towards mainstream institutional investment, predicting that if its market value approaches gold levels, the price could rise tenfold. Scaramucci and MicroStrategy founder Michael Saylor have disagreed on investment allocation. Scaramucci proposed to allocate bitcoin to 2%, which was criticized by Saylor as too conservative. Scaramucci believes that the existing institutional framework has led to a more stable investment environment for bitcoin, although there are still adjustment risks.