Skybridge CEO: bitcoin will become legal tender in many Latin American countries

Anthony Scaramucci does not consider BTC as a hedge against inflation

15.03.2022 - 13:25

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2 min

What’s new? Skybridge Capital founder Anthony Scaramucci has predicted that bitcoin will eventually be used as a legal tender by many Latin American countries. According to him, BTC is a technological asset that is at an early stage of adoption. Marketwatch reports about this.

Information on the Marketwatch website

Who else supports Scaramucci’s views? El Salvador became the first country to adopt bitcoin as legal tender alongside the dollar in September 2021. El Salvador’s President Nayib Bukele predicted in January that two more countries will make BTC legal tender in 2022. The CEO of cryptocurrency derivatives trading platform Bitmex, Alex Hoeptner, stated in October 2021 that five countries will officially use bitcoin as payment by the end of this year.

What did Scaramucci previously talk about? The founder of Skybridge Capital believes the price of bitcoin will rise to $100 000. In his opinion, the cryptocurrency can reach $500 000 per coin in the long term. Scaramucci expects that bitcoin to be stored in more than a billion wallets by the end of 2025, with the number of users reaching 2,5-3 billion within the next decade. However, the entrepreneur has stressed several times that he does not yet consider bitcoin as a hedge against inflation.

What is known about Skybridge Capital? SkyBridge is an alternative investment company specializing in hedge fund solutions and investment instruments.

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