SkyBridge Capital founder: Spot Bitcoin ETF drives demand beyond available supply of Bitcoin
During a separate interview with CNBC on Tuesday, SkyBridge Capital founder and managing partner Anthony Scaramucci was asked about Damon's comments. Scaramucci said that JPMorgan CEO is one of the smartest people in the financial services industry, if not the smartest. He's smarter than me, so I always listen to him, but of course we differ on bitcoin issues.
Scaramucci said, "I just want him to do more homework, because people who have done real homework, like Paul Tudor Jones or Stan Druckenmiller, or people who have really done their homework, like Larry Fink, may have been negative about bitcoin before doing their homework. If you really do your homework and fully understand bitcoin as an asset, it's a one-way ticket to bitcoin."
Scaramucci added that the recently approved spot bitcoin ETF has driven up demand, exceeding the available supply of bitcoin, with demand 12 to 14 times higher than the daily production of bitcoin, causing its price to soar. Of course, there are people who don't believe in bitcoin and short it, so they are now suffering losses.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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