Bitcoin won't hedge inflation until it hits 1B wallets

jivem (42)in #hopdh • 2 years ago

SkyBridge Capital CEO says Bitcoin needs more expansion before it can act as an inflation hedge. SkyBridge Capital CEO Anthony Scaramucci believes that while Bitcoin continues to be an attractive asset, it has yet to reach the wallet bandwidth it needs. will be considered as an inflation hedge.

Speaking on CNBC's Squawk Box on August 22nd. The global investment management CEO said that bitcoin is still much more than an initially acceptable technological asset that needs to be held in about a billion wallets before it can start acting as a hedge against inflation. .

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2 years ago in #hopdh by jivem (42)

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Bitcoin won't hedge inflation until it hits 1B wallets

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