Indeed, the SkyBridge Capital founder and managing partner who was speaking on CNBC’s “Capital Connection” program on Monday stated, “do your study on Bitcoin and make sure you understand what it is,” and among other things, read the Bitcoin white paper written by the developer of the cryptocurrency. Scaramucci added:
Bitcoin is digital gold
Furthermore, Scaramucci described Bitcoin as “digital gold,” and he claims to have “over $1 billion” in BTC, which he began acquiring last year. In addition, his company recently established a deal with a cryptocurrency startup last month, which will help it expedite its entry into the market. Following the first Bitcoin futures exchange-traded fund (ETF) debut in the United States, Bitcoin reached an all-time high of more than $66,900 last week.
Donald Trump’s SPAC
Meanwhile, Scaramucci, when discussing the special purpose acquisition company (SPAC) tied to former President Donald Trump, remarked it is “obviously a meme stock” at the moment. Digital World Acquisition Corp., which aims to combine with the Trump Media & Technology Group, saw its stock rise last week as the news broke. Scaramucci confirmed: Since he believes that the excitement surrounding the stock is based on nothing other than the fact that it’s Trump’s SPAC.
