{"id":39231,"date":"2021-03-19T14:20:44","date_gmt":"2021-03-19T12:20:44","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=39231"},"modified":"2025-08-30T08:33:28","modified_gmt":"2025-08-30T05:33:28","slug":"skybridge-capital-chief-says-bitcoin-is-better-than-gold","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/skybridge-capital-chief-says-bitcoin-is-better-than-gold\/","title":{"rendered":"SkyBridge Capital chief says bitcoin is better than gold"},"content":{"rendered":"<p><span style=\\\"font-weight: 400;\\\">Bitcoin has a future, and unlike gold it is easier to store and move.<\/span><\/p>\n<p><!--more--><\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p dir=\\\"ltr\\\" lang=\\\"en\\\">\u00abIt was 1500-something when Copernicus said we may be revolving around the sun. Things do change,\u00bb says <a href=\\\"https:\/\/twitter.com\/Scaramucci?ref_src=twsrc%5Etfw\\\">@Scaramucci<\/a> on <a href=\\\"https:\/\/twitter.com\/hashtag\/bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\\\">#bitcoin<\/a> <a href=\\\"https:\/\/twitter.com\/hashtag\/btc?src=hash&#038;ref_src=twsrc%5Etfw\\\">#btc<\/a>. \u00abIn a lot of ways if you really study it, it\u2019s better than gold. It\u2019s easier to store. You can move it around more quickly.\u00bb <a href=\\\"https:\/\/t.co\/X7vfu1A9eU\\\">pic.twitter.com\/X7vfu1A9eU<\/a><\/p>\n<p>\u2014 Squawk Box (@SquawkCNBC) <a href=\\\"https:\/\/twitter.com\/SquawkCNBC\/status\/1372517554674147331?ref_src=twsrc%5Etfw\\\">March 18, 2021<\/a><\/p>\n<\/blockquote>\n<p><script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<blockquote>\n<p><i><span style=\\\"font-weight: 400;\\\">\u201cIn the early 16th century, Nicolaus Copernicus proposed that the Earth revolves around the Sun. Times change. In many respects bitcoin is better than gold. It is easier to store, it is easier to transfer.\u201d<\/span><\/i><span style=\\\"font-weight: 400;\\\">, \u2014 said the financier.<\/span><\/p>\n<\/blockquote>\n<p><span style=\\\"font-weight: 400;\\\">In March, BlackRock concluded that gold <a href=\"https:\/\/u1f987.com\/en\/news\/blackrock-golds-inflation-hedge-status-overstated\">does not justify<\/a> its status as an inflation-hedging asset. <\/span><span style=\\\"font-weight: 400;\\\">In November last year, the firm\u2019s chief investment officer said that <a href=\"https:\/\/u1f987.com\/en\/news\/blackrock-bitcoin-could-replace-gold\"> the first cryptocurrency is capable of replacing the primary precious metal<\/a>.<\/span><\/p>\n<p><span style=\\\"font-weight: 400;\\\">Prior to this, Citi&#8217;s managing director Tom Fitzpatrick called <a href=\"https:\/\/u1f987.com\/en\/news\/citibank-hails-bitcoin-as-the-digital-gold-of-the-21st-century\"> Bitcoin the digital gold of the 21st century<\/a>.<\/span><\/p>\n<p><span style=\\\"font-weight: 400;\\\">In May 2019, Graysacale Investments launched a promotional campaign <\/span><i><span style=\\\"font-weight: 400;\\\">#DropGold<\/span><\/i><span style=\\\"font-weight: 400;\\\">, urging investors to abandon the precious metal in favor of the first cryptocurrency.<\/span><\/p>\n<p><span style=\\\"font-weight: 400;\\\">On CNBC, Scaramucci reaffirmed his optimistic outlook for bitcoin\u2019s further prospects. Answering whether there is room to grow after such an impressive rally since October last year, he drew a comparison with Amazon\u2019s stock.<\/span><\/p>\n<blockquote>\n<p><i><span style=\\\"font-weight: 400;\\\">\u201cBitcoin is 12 years old. If you had bought Amazon in its 13th year of trading on the market, then from 2009 you would have increased your funds 64-fold. Today, the stock prices of the e\u2011commerce giant show stability. Bitcoin could repeat such a path. Once it is fully scalable, you will say: \u2018yes, it\u2019s much less speculative now\u2019<\/span><\/i><span style=\\\"font-weight: 400;\\\">, \u2014 explained Scaramucci.<\/span><\/p>\n<\/blockquote>\n<p><span style=\\\"font-weight: 400;\\\">The financier is convinced that the first cryptocurrency is still in a transitional period.<\/span><\/p>\n<blockquote>\n<p><i><span style=\\\"font-weight: 400;\\\">\u201cBitcoin has reached a market capitalization of $1 trillion faster than stock-market leaders primarily due to its inherent decentralization. It is a fully scalable monetary system and a store of value. The first cryptocurrency will continue to develop over the next 15 years\u201d<\/span><\/i><span style=\\\"font-weight: 400;\\\">, \u2014 concluded the asset manager.<\/span><\/p>\n<\/blockquote>\n<p><span style=\\\"font-weight: 400;\\\">Back in December, SkyBridge Capital <a href=\"https:\/\/u1f987.com\/en\/news\/skybridge-capital-invested-25-million-in-bitcoin\"> invested $25 million in bitcoin<\/a>, with year-end investments in the first cryptocurrency <a href=\"https:\/\/u1f987.com\/en\/news\/skybridge-capitals-bitcoin-investment-reaches-182-million\"> reaching $182 million<\/a>.<\/span><\/p>\n<p><span style=\\\"font-weight: 400;\\\">In January, the company <a href=\"https:\/\/u1f987.com\/en\/news\/skybridge-capital-launches-bitcoin-fund-with-310-million-in-assets\"> launched a bitcoin fund<\/a> with assets of $310 million.<\/span><\/p>\n<p>Subscribe to ForkLog news on VK!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin has a future, and unlike gold it is easier to store and move. This view was expressed by SkyBridge Capital chief Anthony Scaramucci on CNBC.<\/p>\n","protected":false},"author":1,"featured_media":39232,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,536,1138,2074],"class_list":["post-39231","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-gold","tag-opinions","tag-skybridge-capital"],"aioseo_notices":[],"amp_enabled":true,"views":"13","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/39231","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=39231"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/39231\/revisions"}],"predecessor-version":[{"id":39233,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/39231\/revisions\/39233"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/39232"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=39231"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=39231"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=39231"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}