“Bitcoin institutional adoption is just beginning,” says Anthony Scaramucci. Anthony Scarmucci,

One of the founders of Skybridge Capital, believes that it is still early for new entrants to Bitcoin, where only real estate is accepted in the industry.

Anthony Scaramucci on Bitcoin Investments On Thursday, the investor said in an interview with CNBC that institutional adoption is “happening now” and that he expects pension funds to disclose their BTC holdings soon.

Scaramucci explained: “Bitcoin now has regulatory approvals, which was a step back for most of the big companies.” “Remember, if you are not long Bitcoin, you are probably short Bitcoin.”

As of May 15, nearly 1,000 investors with assets over $100 million reported owning at least one U.S. stock. Q. Bitcoin gets ETFs in its portfolio. One of those investors is the Wisconsin State Investment Board (SWIB), which announced this week that $162 million had been allocated to the ETF.

According to Scaramucci, companies invest in BTC before it becomes part of a ‘full asset allocation’. ”

Bitname CIO Matt Hougan supported the idea on Tuesday, announcing that companies can start offering 1% to 5% of their portfolios in BTC when they invest their clients’ money in real estate.
Where could
Bitcoins go?
When asked why Bitcoin would attract more people, Scaramucci said it belonged to the “golden phase”; This was a segment of investors who thought there was a problem with using the asset as a store of value rather than a form of exchange. MicroStrategy CEO Michael Saylor also joins this camp and has previously called the issue of using Bitcoin as a currency a “distraction.” “Sometimes when you act early you run into a lot of setbacks, but I think it paid off early in Bitcoin, and I think we were early in Bitcoin,”
said.

Earlier this year, Scaramucci predicted that Bitcoin could reach $170,000 per coin by the end of 2025.