- Anthony Scaramucci believes Bitcoin will become a store of value by 2026, when it hosts at least a billion users
- He debunks the myths that Bitcoin is currently an inflation hedge or a store of value, calling it an early-stage technical asset that trades like a risk asset
- Scaramucci also dismisses the notion that Bitcoin is no longer new, comparing its development to the commercialization of airplanes after the Wright Brothers’ invention
Anthony Scaramucci debunks long-held Bitcoin BTC myths in a recent interview. He provides insight into why Bitcoin is not yet a store of value or inflation hedge. Despite being around for 15 years, Bitcoin is still in the early stages according to Scaramucci. Using the evolution of airplanes as an analogy, he argues that Bitcoin has a long way to go before reaching mass adoption and stability.
Not an Inflation Hedge Yet
Scaramucci acknowledges Bitcoin’s potential as an inflation hedge, but says its volatility prevents it from effectively filling that role currently. He believes Bitcoin needs over 1 billion users before it can reliably function as a store of value.
Trading Like Othial
While Bitcoin faces limitations in the present, Scaramucci remains optimistic about its prospects long term. He believes with greater adoption and stability, Bitcoin could be worth much more down the road. But for now, volatility will dominate as Bitcoin evolves.
Anthony Scaramucci provided thoughtful perspective on common Bitcoin myths. He acknowledged its potential while also highlighting current limitations in a measured way. His insights help provide realistic expectations for Bitcoin as it continues on its evolutionary path.
