SkyBridge Capital’s Anthony Scaramucci spoke on the current crypto crash; recommends to stay long on quality assets and believes there will be a billion Bitcoin wallets by 2024. Covered: Scaramucci Says Stay Long On Crypto Assets Scaramucci On Crypto Winter Scaramucci Says Stay Long On Crypto Assets The founder of SkyBridge Capital, Anthony Scaramucci, is […] The post Anthony Scaramucci: A Billion Bitcoin Wallets By 2024 appeared first on CryptosRus.

Anthony Scaramucci: A Billion Bitcoin Wallets By 2024

SkyBridge Capital’s Anthony Scaramucci spoke on the current crypto crash; recommends to stay long on quality assets and believes there will be a billion Bitcoin wallets by 2024.

Covered:

  • Scaramucci Says Stay Long On Crypto Assets
  • Scaramucci On Crypto Winter

Scaramucci Says Stay Long On Crypto Assets

The founder of SkyBridge Capital, Anthony Scaramucci, is not really worried about quality crypto assets amidst the current crash. In an interview with CNBC, Scaramucci reminded buyers to “cool off” on the current cryptocurrency concerns and make some long term investments. “Everyone is a long-term investor until you have short-term losses, and then you start freaking out.”

He specifically mentioned that more people will own Bitcoin on 12/31 of 2022 than they did prior.  He advises investors to ride it out and predicted that people will own half a billion Bitcoin wallets, and possibly a billion wallets by 2024. He says investors should ride this out, and understand that this volatility is expected and a 45 degree line is simply “nonsensical”.

“Take a chill pill, stay long [on] bitcoin”

He goes on about Bitcoin, and then about crypto in general how it is “that good of a technology”. He believes that the adoption of digital assets is a “transformational event” and we have to look at them like “Microsoft, Google, and Apple”.

Scaramucci On Crypto Winter

With Bitcoin down almost 50 % from its all time high, some analysts believe we are at the beginning of crypto winter. They may be right, because in the past Bitcoin has always cycled around its four year halving events. However, Scaramucci has no problem with that.

He believes that buyers need to look at the bigger picture when it comes to Bitcoin and “quality digital assets”. Not to look at the price of Bitcoin to the U.S. dollar, but to ask what value Bitcoin truly holds.

““We’re getting ahead of ourselves. If it’s 2025, and there’s a billion bitcoin wallets, let’s call it a currency…The dollar is still the dollar. To me, this is an emerging technology that will eventually evolve into a store value as more and more people join the network.”

He added that investors can “let it run, of course”, and that they should size it up now and “recognize that this is going to be part of the future”.

In summary, Scaramucci remains bullish on Bitcoin and quality digital assets. He doesn’t fear crypto winter or volatility, and recommends that people jump on board, because it will be “part of the future”.

Recommended: Anthony Scaramucci Declares Algorand Autumn

 

 

 

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