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Founder of Tianqiao Capital: When the scale of Bitcoin is large enough, it will serve as both an inflation hedge tool and a store of value

Founder of Tianqiao Capital: When the scale of Bitcoin is large enough, it will serve as both an inflation hedge tool and a store of value

2024/04/17 06:59

On April 17th, Anthony Scaramucci, the founder of Skybridge Capital, responded to some critics' concerns that Bitcoin is neither an inflation hedge tool nor a store of value, especially considering its recent performance during the Middle East conflict. Scaramucci explained that in terms of current global adoption rates, Bitcoin is neither. However, he emphasized that Bitcoin is still an early-stage technological asset and will trade like other risk assets until it has over one billion users, which should happen by the end of 2026. When Bitcoin's scale is large enough, it will serve as both an inflation hedge tool and a store of value simultaneously.

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