Bankless “Why I Invested 50% of my Net Worth in Bitcoin” | Anthony Scaramucci
32 snips
Dec 30, 2024 
In this discussion, Anthony Scaramucci, founder of SkyBridge Capital and author, shares his insights on investing heavily in Bitcoin. He argues that politics significantly shape Bitcoin's future and envisions the cryptocurrency as a potential strategic reserve asset for the U.S. Scaramucci also predicts Bitcoin reaching $200K, highlighting Wall Street's shifting attitudes towards it. He explores the broader implications of blockchain technology on the global economy and emphasizes the bipartisan support for Bitcoin legislation.
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Larry Fink's Initial Bitcoin Stance
- In 2021, Anthony Scaramucci recalls Larry Fink expressing dislike for Bitcoin while simultaneously investing in Circle.
- Fink believed in blockchain's potential but not in Bitcoin as an asset.
Bitcoin's Appeal to Intelligent Investors
- Scaramucci observes that intelligent people who research Bitcoin often become proponents.
- He cites examples like Stan Druckenmiller, Paul Tudor Jones, and Larry Fink.
Sheikh's Bitcoin Analogy
- A sheikh told Scaramucci that Bitcoin is superior to gold due to its portability.
- He highlighted its ease of transport, even in extreme scenarios.
