Skybridge Capital chief and former White House press secretary Anthony Scaramucci says that Ethereum (ETH) will become a store of value asset.
In an interview with CNBC, Scaramucci says that as an institutional investor, he’s mainly focused on Bitcoin (BTC), but sees big things happening for Ethereum in the future.
“I think there’s a very big market for Ethereum and I predict that Ethereum has good fundamentals and will grow, but I’m in an institutionalist sort of business. I think like an institutionalist, and I’ve got to get my clients thinking about cryptocurrency and digital assets. So as a first step, I’m focused on Bitcoin and we only have now a Bitcoin fund.”
Scaramucci goes on to float the idea of having an Ethereum-focused fund and posits that the world’s second-largest crypto by market cap could end up developing into a store of value.
“Could we have an Ethereum fund in the future? Yes, we certainly could. Everything