According To Scaramucci, Bitcoin Investing Is Smart Move
Anthony Scaramucci might have had a short 10-day career as the White House Director of Communications, once bragging that he had Donald Trump on speed dial. But the reason he was there is because he knows what he’s talking about when it comes to investing, and Bitcoin is a no-brainer.
In a recent interview with CNBC, Scaramucci had a lot to say about Bitcoin. But, first, he dropped some names as he’s notoriously known to do.
“Anybody that does the homework…ends up investing into it. Look at Ray Dalio, a Bitcoin skeptic, now a Bitcoin investor.”
Ray Dalio, the billionaire investor who is the co-chief investment officer of Bridgewater Associates, didn’t think that highly of Bitcoin at first. He didn’t see the value in the cryptocurrency at one time. Since then, he has climbed on board because now he knows it’s worth investing.
“There are certain assets that you want to own to diversify the portfolio, and Bitcoin is something like a digital gold,” Ray Dalio.
Scaramucci went on to mention other big names in his interview. He pointed out that Paul Tudor Jones, the billionaire who founded the Tudor Investment Corporation, is also a Bitcoin investor. He has gone on to say that gold is losing the race to digital currency.
Stanley Druckenmiller is another name that was dropped during the interview. Hedge fund manager and investor worth nearly $7 billion, Druckenmiller also believes Bitcoin is better than gold. These billionaire investors aren’t the only financial experts who believe Bitcoin is beating gold.
“These are brilliant guys [who] did the homework and drew a conclusion that they needed to own a piece of bitcoin,” Scaramucci went on to say.
They didn’t need his endorsement. Their billions of dollars speak volumes for what they know about financing and investing. But their stance on Bitcoin makes a compelling statement about investing, and it’s too loud of an assertion to ignore.
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