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Bitcoin better than gold if you study it


19 Mar 2021   #Bitcoin

Getting to grips with Bitcoin reveals its benefits over gold as a store of value, says SkyBridge Capital's Anthony Scaramucci. Bitcoin (BTC) is superior to gold if investors take the time to study it, says hedge fund manager Anthony Scaramucci.

In an interview with CNBC on March 18, Scaramucci, who is CEO of SkyBridge Capital, reinforced his belief in Bitcoin for mainstream audiences.

Scaramucci on Bitcoin vs. gold: "The world is changing"

With Bitcoin surging in 2021, questions continue to be asked about whether the gains are coming at the expense of gold, which has failed to capitalize on risks associated with global government money printing. Comparing the two assets, Scaramucci left little doubt as to his preference, arguing that gold may have been the choice for a store of value for 4,000 years, but nothing is forever.

"The world is changing — that's the final record, Joe, the world is changing," he told host Joe Kernen.

The comments fly in the face of staunch gold bugs, notably Peter Schiff, who remains convinced that Bitcoin will fail, leaving gold as the sole choice to escape the perils of central bank economic policy. Continuing, Scaramucci stressed that Bitcoin fulfilled the role of money as technology — a central argument among Bitcoin proponents such as "The Bitcoin Standard" author Saifedean Ammous.

"In a lot of ways, if you study it, it's better than gold. It's easier to store, you can move it around more quickly, and that value — that trusted network — is growing." "And be prudent," Scaramucci continued. "You don't have to own a lot of it, but just some of it."

He also estimates that there are currently around 125 million Bitcoin users, and expects that number to reach 1 billion by 2025.

"The accurate narrative"

SkyBridge made headlines when it launched a BTC fund in December 2020, at a time when Bitcoin's price was in the midst of one of its parabolic surges towards $30,000. Since then, the institutional trend has merely accelerated. This week, Morgan Stanley became the first major bank to offer clients exposure to Bitcoin funds.

As Cointelegraph additionally reported, Robby Gutmann, CEO of fund provider NYDIG, hinted that this week would form the start of a slew of adoption announcements, which would be "game-changing" in nature.

"Investors are getting hammered by mainstream media with the accurate narrative — bitcoin is superior to gold," Anthony Pompliano, co-founder of Morgan Creek Digital, responded to Scaramucci, praising his efforts.


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Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap Volume 24h
1 Bitcoin (BTC) BTC Bitcoin predictions 82.8% 27 $41 899.34 -4.94% -11.36% $788 750 305 790 $40 244 099 648
2 Ethereum (ETH) ETH Ethereum predictions 72.8% 49 $2 868.68 -7.93% -16.93% $337 514 704 145 $23 836 267 851
3 Cardano (ADA) ADA Cardano predictions 64.8% 78 $2.21 -1.36% -6.44% $70 707 217 846 $5 577 909 016
4 Tether (USDT) USDT Tether predictions 92.8% 1 $1.000855 0.04% 0.07% $68 651 337 758 $88 907 999 368
5 Binance Coin (BNB) BNB Binance Coin predictions 63.2% 78 $346.29 -8.40% -15.35% $58 223 895 709 $1 982 362 470
6 XRP (XRP) XRP XRP predictions 73.2% 48 $0.923671 -6.99% -12.99% $43 151 752 355 $4 555 191 572
7 Solana (SOL) SOL Solana predictions 60.4% 83 $136.79 -7.38% -1.67% $40 664 437 987 $3 870 822 815
8 USD Coin (USDC) USDC USD Coin predictions 94.8% 1 $1.000356 0.04% 0.03% $30 321 351 717 $3 755 736 180
9 Polkadot (DOT) DOT Polkadot predictions 66% 74 $30.15 -4.22% -10.16% $29 779 247 306 $3 578 542 275
10 Dogecoin (DOGE) DOGE Dogecoin predictions 62.8% 78 $0.206773 -7.12% -14.09% $27 173 987 970 $2 153 623 197
11 Avalanche (AVAX) AVAX Avalanche predictions 61.2% 82 $73.10 -4.94% 10.67% $16 103 697 591 $2 305 680 733
12 Terra (LUNA) LUNA Terra predictions 68% 61 $35.07 -0.28% 0.60% $14 030 135 734 $2 246 791 189
13 Binance USD (BUSD) BUSD Binance USD predictions 91.2% 1 $1.000247 0.03% 0.01% $13 471 537 116 $6 682 279 999
14 UniSwap (UNI) UNI UniSwap predictions 62% 74 $19.30 -10.07% -21.54% $11 806 392 734 $434 612 988
15 Algorand (ALGO) ALGO Algorand predictions 55.6% 89 $1.80 -8.40% -10.75% $10 273 694 698 $980 104 254

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