Institutions Increasingly Adopting Bitcoin, Says SkyBridge Capital Founder

According to Odaily, Anthony Scaramucci, the founder of SkyBridge Capital, has stated that institutions have begun to fully adopt Bitcoin and this trend will accelerate in the coming quarters. Scaramucci made this statement during an interview with CNBC, where he emphasized the growing acceptance of Bitcoin by major financial institutions and pension funds. He pointed out that the state of Wisconsin recently announced an investment in Bitcoin, hinting that other pension funds may follow suit. Scaramucci attributed the growing interest in Bitcoin among institutions to regulatory approval, which he said has resolved a key obstacle faced by large institutional investors. Scaramucci also discussed the broader implications of adopting Bitcoin. He described Bitcoin as 'digital gold' rather than a common currency and emphasized its role in hedging against mass printing of money and inflation.