Hedge fund veteran Anthony Scaramucci reportedly says that the recent adoption of Bitcoin (BTC) in corporate treasuries is likely a temporary trend.
In an interview with Bloomberg, the SkyBridge Capital founder says he thinks the BTC treasury business model will fade away.
“Right now we’re having this replicative treasury company idea… So, you know, it will fade.”
The investor says that eventually, investors will begin to question why they’re paying a premium for a “middleman” to hold an asset when they could simply hold BTC on their own.
Over the last year, there has been a trend among corporations of accumulating Bitcoin, both as a savings mechanism and a strategy to convert their shares into proxies for investing in the flagship cryptocurrency.
Some of the
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