Founder of Tianqiao Capital: ๐งโ๐ผ 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, โact like you are dead and donโt sell Bitcoin. Donโt be right about it. It does everythingโ. He explained that while clients like to have Bitcoin in their portfolios, the large fluctuations in Bitcoin's price are concerning. โThey donโt like volatility,โ Scaramucci emphasized. โThe hardest thing for anyone here is to do nothing.โ 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)
