Anthony Scaramucci Says Once Bitcoin Hits $500,000 It Will Be Considered An Asset Class Just Like Gold
Anthony Scaramucci, the founder and CEO of SkyBridge Capital, said Wednesday that Bitcoin (CRYPTO: BTC) would be deemed a full-fledged asset class once it hits $500,000 a piece.
What Happened: The Bitcoin bull, while speaking at CoinDesk’s Consensus 2025 conference, stated, “$3 trillion is like a mag 7 stock, $20 trillion is an asset class. So if you tell me that Bitcoin can get to $500,000, people will be writing stories that Bitcoin is an asset class.”
Scaramucci emphasized the importance of Bitcoin matching the market capitalization of gold, which is presently over $21 trillion, in order to be recognized as a separate asset class.
Scaramucci suggested that the ongoing influx of capital into the Bitcoin market via exchange-traded funds and the adoption of strategies following Strategy Inc.’s …
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