Anthony Scaramucci: "Bitcoin (BTC) financial strategies are difficult to sustain long-term, except for Strategy"
Summary
- Anthony Scaramucci predicted that companies' Bitcoin (BTC) financial strategies would have difficulty being sustained in the long term.
- He emphasized that although copycat strategies are temporarily trending, most companies will have a hard time getting high market evaluations with just holding Bitcoin.
- Scaramucci stated that investors will ultimately consider business profitability and actual value creation ability as core evaluation factors.
On the 2nd (local time), according to CoinDesk, a global digital asset (cryptocurrency) media outlet, Anthony Scaramucci, founder of the U.S. hedge fund SkyBridge Capital, predicted that companies' Bitcoin (BTC) financial strategies would be difficult to sustain in the long term.
In an interview with Bloomberg, Scaramucci said, "Currently, 'copycat strategies' where companies imitate each other are a temporary trend, but this tendency will naturally disappear over time."
He explained, "Strategy is an exceptional case because it has its own business divisions in addition to Bitcoin," and emphasized that "most companies will find it difficult to be highly evaluated in the market just for holding Bitcoin."
He added, "While investors may pay short-term attention to companies holding Bitcoin, ultimately, business profitability and the company’s genuine value creation capability will return as the key evaluation criteria."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
