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Anthony Scaramucci Says Bitcoin Poised To Follow The S-Curve Of Adoption Like Amazon, Microsoft: 'Cannot Be Devalued'

SkyBridge founder Anthony Scaramucci reiterated a bullish institutional view on Bitcoin, saying the crypto is tracing an S-curve of adoption similar to Amazon and Microsoft and is a "computer program that cannot be devalued." He reiterated a $1 million price target for BTC by 2032 and disclosed that roughly 70% of his personal wealth is in Bitcoin. His comments reinforce the narrative of long-term institutional adoption and could bolster investor sentiment and demand, even as he acknowledged ongoing volatile cycles during later adoption stages.

Category

Bitcoin

Sentiment

Bullish

Event

Institutional outlook

Reading time

1 min