LIVEFounder of Tianqiao Capital: 🧑💼 It is advised to securely hold Bitcoin and refrain from taking any actions with it
Odaily Planet Daily News SkyBridge Capital founder Anthony Scaramucci said at the Bitcoin Investor Day meeting last Friday that when holding Bitcoin, “act like you are dead and don’t sell Bitcoin. Don’t be right about it. It does everything”. He explained that while clients like to have Bitcoin in their portfolios, the large fluctuations in Bitcoin's price are concerning. “They don’t like volatility,” Scaramucci emphasized. “The hardest thing for anyone here is to do nothing.” Scaramucci reiterated in the interview that spot ETFs drive huge demand for Bitcoin. He said: "Institutions feel reassured that they can buy SEC-approved ETFs. And the halving event is coming. If demand increases quickly, the price will rise significantly." (Bitcoin.com)