Bitcoin 'better than gold' if you study it, fund manager tells mainstream media
Getting to grips with Bitcoin reveals its benefits over gold as a store of value, says SkyBridge Capital's Anthony Scaramucci. Bitcoin (BTC) is superior to gold if investors take the time to study it, says hedge fund manager Anthony Scaramucci.In an interview with CNBC on March 18, Scaramucci, who is CEO of SkyBridge Capital, reinforced his belief in Bitcoin for mainstream audiences.Scaramucci on Bitcoin vs. gold: "The world is changing"With Bitcoin surging in 2021, questions continue to be asked about whether the gains are coming at the expense of gold, which has failed to capitalize on....
Related News
Hedge fund manager Paul Singer is reportedly "shocked" by bitcoin's increase in price and rise in popularity, according to a CNBC report. In a letter to investors at the $23.3 billion Elliott Management firm, Singer advised investors to look into gold if they were interested in an alternative currency: "If you want an alternative currency, check out gold. It has stood the test of thousands of years as a store of value and medium of exchange," he wrote. "Better yet, it is not just a computer entry in the ether somewhere, and it is currently available at a good price. Bitcoin and its....
The U.S. could repeat its 1930s ban on gold ownership but for Bitcoin. As the Bitcoin correction deepens, the fear, uncertainty, and doubt has returned, with billionaire hedge fund manager Ray Dalio adding a whole bunch more of it.In an interview with Yahoo Finance’s editor-in-chief on March 24, the founder of the $150 billion hedge fund Bridgewater Associates stated that there is a “good probability” that the U.S. government could ban Bitcoin just as it did with gold ownership in the 1930s.That happened because government leaders at the time did not want gold to compete with fiat money....
As Bitcoin price makes headlines across mainstream and financial media, skeptics of cryptocurrencies have come out of the woodwork in droves. The latest skepticism comes from Tim Bond, partner and portfolio manager at Odey Asset Management, who claims that Bitcoin has very little benefit to society, and instead is an extreme form of Libertarian anarchism. […]
The chief investment officer of global investment firm Skybridge Capital says bitcoin still has more upside than gold. While expecting both gold and bitcoin to rally, he said his hedge fund is sticking to bitcoin. Asset Manager Skybridge Prefers Bitcoin to Gold Troy Gayeski, co-chief investment officer (CIO) and senior portfolio manager at Skybridge Capital, a $7.5 billion hedge fund, says gold is good but bitcoin is better, Bloomberg reported Sunday. He believes that both gold and bitcoin are likely to rally even as the Federal Reserve moves to taper asset purchases, elaborating:....
Gold hit its lowest levels in more than eight months on Tuesday, a day after holdings in the precious metal-backed exchange-traded funds fell by 14 tonnes, logging the biggest outflow seen in 2021. Analysts blamed signs of an economic global recovery and rising US bond yields for the said decline. That is because gold does […]