Anthony Scaramucci Warns Meme Coins Create Market Contagion, Fuel Bitcoin Skepticism
Posted On February 11, 2025
Meme coins continue to draw attention in the cryptocurrency market, but SkyBridge Capital founder Anthony Scaramucci believes their speculative nature could have negative consequences.
What Happened: In an interview with CNBC on Tuesday, Scaramucci cautioned that the frenzy surrounding meme coins risks distorting perceptions of Bitcoin, making some investors question its legitimacy as an asset.
“When Becky [Quick] is interviewing Warren Buffett and he’s talking about cryptocurrency, this is the stuff that would aggravate him,” Scaramucci said, referring to meme coins. “People think, ‘Okay, well maybe Bitcoin (CRYPTO: BTC) is just a very big meme coin.’”
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