Bitcoin To Replace Gold, Skybridge Capital’s Anthony Scaramucci Says | CryptoGazette – Cryptocurrency News

cryptogazette.com 09 June 2021 05:20, UTC

Bitcoin is now making headlines all over the world following the latest news.

Despite concentrated efforts all over the world to stop Bitcoin, there are massive movements that are showing support to the king coin.

Latin American leaders are gearing up to boost Bitcoin. Check out Anthony Pompliano’s recent tweet below.

Bitcoin is inevitable. https://t.co/wXxDRKHMv7

— Pomp 🌪 (@APompliano) June 8, 2021

El Salvador marks a historic day for humanity:

El Salvador has officially passed the bill that makes bitcoin legal tender in the country.

A historic day for humanity.

— Pomp 🌪 (@APompliano) June 9, 2021

Bitcoin is set to replace gold

CNBC just shared great news.

It’s been revealed that investors will need to accept the trajectory and level of volatility in BTC as the digital currency becomes more widely adopted globally, according to SkyBridge Capital’s Anthony Scaramucci.

As you probably know by now, BTC managed to hit above $63,000 in April, just shortly after, the price of BTC has swiftly tumbled in a matter of weeks.

“I will point out that bitcoin is still up on the year, so it’s actually been a very good performer this year.,” Scaramucci told CNBC’s “Capital Connection” on Tuesday.

Skybridge Capital has “about $500 million” in BTC, according to Scaramucci, who is the founder and co-managing partner at the firm as well as a CNBC contributor.

According to CNBC, he said BTC is still only in its early adoption stage and is set to become a “replacement” for gold, and then he added this: “We actually like the upside characteristics and are willing to accept the volatility in bitcoin.”

As we already said, the mass adoption of BTC is going great these days, and following the massive El Salvador related news, more countries are expected to do the same.

Everything that’s happening now around the globe is showing the fact that the mass adoption of Bitcoin and crypto is going great.

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