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Home Crypto Bitcoin

Bitcoin can be a retirement asset , says Anthony Scaramucci

by Meenal Sharma
June 1, 2021
in Bitcoin, Crypto
Reading Time: 1 min read
0
Bitcoin’s Future seems bleak at best

Source: Bernard Marr

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Bitcoin has been around for a little more than a decade and has been making its presence felt like a serious asset in the past few years. In an interview given to 401k Specialist Magazine, Anthony Scaramucci, founder of investment firm SkyBridge Capital has supported Bitcoin and shed light on his thoughts about the future of Bitcoin.

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Views of Anthony Scaramucci differ a lot from other people in the industry. While billionaires like Warren Buffet see the currency with skepticism, he has complete faith in the future of Bitcoin. He elaborated on his thoughts on the currency future in the interview.

10 Things You Didn't Know About Anthony Scaramucci | Politics | US News
Anthony Saramucci, Founder of SkyBridge Capital (Image credits: USnews)

Scaramucci wasn’t scared of expressing his contrasting opinions on Bitcoin. In an unintimidated way, he reflected his thoughts on cryptocurrency. He said that technology has rarely been a loser. Elaborating on if Bitcoin can be a retirement asset he said that mostly retirement portfolios have a tendency to be conservative. While volatility in the crypto market has been the reason for most investors have been skeptical, Scaramucci says that volatility is precisely the reason why people should consider it as a retirement asset.

To ease anxiety about volatility, he advised people to buy it in “bite-size, digestible chunks so that they can safely sleep at night”. He advised people should not invest more than 5% of their portfolio because in case the value drops to zero the person shouldn’t lose everything.

Tags: Anthony ScaramuccibitcoinBitcoin cryptocurrencycryptocurrencyInterviewRetirementSkyBridge Capital
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Meenal Sharma

Meenal Sharma is a Journalism and mass communication student. She is a deadline-oriented journalist with a passion for telling unique stories. She understands the impact of words and strives to deliver factual recollection of events. Meenal is currently working as an intern at Techstory and can be reached at [email protected] For Editorial/article enquiries on Techstory please reach us at [email protected]

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