Anthony Scaramucci Anticipates Increased Bitcoin Investments from Pension Funds, Affirming Early Stage of BTC Adoption.
Anthony Scaramucci, the founder of SkyBridge Capital, is making a bold prediction about the future of Bitcoin. He believes that more pension funds will soon start including Bitcoin in their investment portfolios, following the recent decision by the State of Wisconsin to invest in the cryptocurrency. According to new SEC filings, the State of Wisconsin Investment Board has invested around $163 million in Bitcoin trusts managed by BlackRock and Grayscale.
Scaramucci sees this move by the State of Wisconsin as a sign that other pension funds will follow suit. He believes that the regulatory approval of Bitcoin has been a key factor in encouraging institutional adoption. Many large-scale institutions are now recognizing the potential of Bitcoin and are eager to get involved.
Despite the volatility and challenges associated with being an early adopter, Scaramucci believes that it is beneficial to be an early investor in Bitcoin. He suggests that Bitcoin is still in its early stages of adoption and has a lot of room for growth.
As of now, Bitcoin is trading at $67,142, showing a 2.5% increase in the last 24 hours.
It is important to note that the opinions expressed in this article are not investment advice. Investors should conduct their own research and exercise caution when investing in Bitcoin or any other high-risk assets. The Daily Hodl does not endorse buying or selling cryptocurrencies and is not a financial advisor.