Anthony Scaramucci, the head of SkyBridge Capital and former White House communications director, believes Bitcoin’s (BTC) value proposition has strengthened significantly now that governments have addressed many of the risks associated with the digital asset.
In an opinion article published on CNN, Scaramucci and fellow SkyBridge executive Brett Messing argue that Bitcoin has become a viable option for long-term investors seeking refuge from inflation. The authors also claim that holding Bitcoin is far less risky today than it was a few years ago when regulations and infrastructure were still underdeveloped.
Bitcoin’s growth has “caused government and institutions to step in and address many of the risks associated with the digital currency,” the authors wrote, referring to the decision by the Office of the Comptroller of Currency to authorize banks to provide cryptocurrency services.
“[…] increased regulations, improved infrastructure and access to financial institutions — like Fidelity — that hold investors’ money have made bitcoin investments as safe as owning bonds and commodities like gold, which are also used to balance portfoliosTitle: Anthony Scaramucci says holding Bitcoin as safe as owning bonds and gold
Sourced From: cointelegraph.com/news/anthony-scaramucci-says-holding-bitcoin-as-safe-as-owning-bonds-and-gold
Published Date: Sun, 24 Jan 2021 16:57:15 +0000