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Bitcoin to Become Store of Value by 2026, Says Anthony Scaramucci
The post Bitcoin to Become Store of Value by 2026, Says Anthony Scaramucci appeared on BitcoinEthereumNews.com. Cover image via www.youtube.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. There are many misconceptions about Bitcoin (BTC), especially as it relates to its role in the broader financial ecosystem. Recently, a question from CNBC’s Squawk Box Host Andrew Ross Sorkin was posed to the broader community. The question probes the justifications why Bitcoin fell over the weekend despite claims of it being an inflation hedge and store of value. Responding to the question, Bitcoin bull Anthony Scaramucci said BTC is neither an inflation hedge nor is it a store of value – yet. He believes the level of global adoption of the coin is low for now, and things will not change much until the coin hosts at least a billion users. These adoption figures, according to Scaramucci, will not take place until about 2026. Bitcoin is often pitched as a major competitor to gold, an asset that has served as a store of value and a hedge against inflation for centuries. With Bitcoin’s historic growth to a new all-time high (ATH) above $73,000, there has been more over-pitching for the coin. To Scaramucci, Bitcoin is still an early-stage technical asset that will trade like any risk asset for the foreseeable future. While he pointed out the growth traction thus far, he said Bitcoin indeed has some hedging features, but it still has intense volatility to contend with. .@andrewrsorkin asked…
The post Bitcoin to Become Store of Value by 2026, Says Anthony Scaramucci appeared on BitcoinEthereumNews.com.
Cover image via www.youtube.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. There are many misconceptions about Bitcoin (BTC), especially as it relates to its role in the broader financial ecosystem. Recently, a question from CNBC’s Squawk Box Host Andrew Ross Sorkin was posed to the broader community. The question probes the justifications why Bitcoin fell over the weekend despite claims of it being an inflation hedge and store of value. Responding to the question, Bitcoin bull Anthony Scaramucci said BTC is neither an inflation hedge nor is it a store of value – yet. He believes the level of global adoption of the coin is low for now, and things will not change much until the coin hosts at least a billion users. These adoption figures, according to Scaramucci, will not take place until about 2026. Bitcoin is often pitched as a major competitor to gold, an asset that has served as a store of value and a hedge against inflation for centuries. With Bitcoin’s historic growth to a new all-time high (ATH) above $73,000, there has been more over-pitching for the coin. To Scaramucci, Bitcoin is still an early-stage technical asset that will trade like any risk asset for the foreseeable future. While he pointed out the growth traction thus far, he said Bitcoin indeed has some hedging features, but it still has intense volatility to contend with. .@andrewrsorkin asked…
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